11) The financial reporting carrying value of Boze Music's only depreciable asset exceeded its tax basis by $150,000 at December 31, reporting purposes and MACRS for tax purposes. The asset was acquired earlier in the year. Boze has no o temporary differences. The er deferred tax effect of this difference in its December 31, 2018, balance sheet as: A) A liability of $45,000. B) A liability of $60,000. C) An asset of $45,000. D) An asset of $60,000. 2018. This was a result of differences between straight-line depreciation for financial acted tax rate is 30% for 2018 and 40% thereafter. Boze should report the