B is corrent. A deferred tax liability is recognized for temporary differences that will result in taxable amounts in future years. Because the book value of the assets exceeds their tax basis, the accumulated tax depreciation must now exceed accumulated depreciation. In future years, this temporary difference will reverse as periodic book depreciation amounts exceed the corresponding tax amounts. Therefore, taxable amounts will result in future years as the assets become fully depreciated for tax purposes or (on a sale) when the tax gain exceeds the book gain (due to lower carrying value). Thus, a deferred tax liability currently exists.
A is incorrect. Temporary differences do not result in current tax receivable. Refer to the correct answer explanation.
C is incorrect. When the book basis of assets exceeds their tax basis, deferred tax assets are not created. Refer to the correct answer explanation.
D is incorrect. Temporary differences do not result in current tax liabilities. Refer to the correct answer explanation.
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