S. [Depreciation methods and deferred taxes] The Incurious George Company acquires assets K. L. and M at the beginning of year 1. Each asset has the same cost, a five-year life. and an expected salvage value of $3,000 For financial reporting, the firm uses the straight-line, sum-of-the-years' digits, and double- declining-balance depreciation methods for assets K. L. and M. respectively. It uses the double-declining-balance method for all assets on its tax return; its tax rate is 34% Depreciation expense of $12.000 was reported for asset L for financial reporting pur- poses in year 2. Using this information