9 . The financial reporting carrying value of Boze Music's only depreciable asset exceeded its tax basis by $158,000 at December 31, 2018. This was a result of differences between straight-line depreciation for financial reporting purposes and MACRS for tax purposes. The asset was acquired earlier in the year. Boze has no other temporary differences. The enacted tax rate is 25% for 2018 and 37% thereafter Boze should report the deferred tax ened or this difference in its December 31, 2018, balance sheet as: points Multiple Choice oos59 An asset of $58,460 A Bability of $58.460 A lability of $57340 An asset of 57,30 Alamo Inc. had $350 million in taxable income for the current year, Alamo also had a decrease in deferred tax assets of $23 million and an increase in deferred tax liabilities of $62 million. The company is subject to a tax rate of 34%. The total income tax expense for the year was: Multiple Choice $231 million $208 million 204 miaion $435 million