1. Assume that Zacharias Corporation has a deductible temporary difference of €60,000 at December 31, 2012. The applicable tax rate is a flat 40%. Based on available evidence, management of Zacharias Corporation concludes that it is probable that all sources will not result in future taxable income sufficient to realize more than €15,000 (i.e., 25%) of the deductible temporary difference. Also, assume that there were no deferred tax assets in previous years and that prior years’ taxable income was inconsequential. Required Determine the deferred tax asset at December 13, 2012 in Zacharias Corporation records and make a necessary the journal entry.