29. In its 2017 income statement, Tow Inc. reported depreciation of $320,000 for book purposes (GAAP) but deducted depreciation of $440,000 for tax purposes. Its tax rate is 15%, and the reversal of excess depreciation will equal $60,000 in 2018, $30,000 in 2019, $20,000 in 2020, and $10,000 in 2021. At the end of 2017, should Tow record a deferred tax asset or liability on its balance sheet? What is its value? (5 points)