Question · Initial recognition exception and equal differences

During 20X6, Ferrovane carries out three transactions (tax rate: 25%): (1) separate purchase of a licence for 480,000, of which 120,000 will never be deductible, with no effect on profits; (2) issue of convertible bonds showing an equity component of 80,000, the tax base of the liability component being equal to the total proceeds (data); (3) capitalisation of internally developed software for 60,000, fully deducted for tax in the same year (data). Write a note analysing the deferred tax at the outset of each transaction.