A Ltd commenced business on 1 July 20X1. On 30 June 20X2, an extract of the financial statement for internal purposes disclosed the following information: Cash $ 40 000 Inventory 100 000 Plant 300 000 Accounts payable 80 000 Long service leave 5 000 Additional information: The plant was acquired on 1 July 20X1. Depreciation for accounting purposes was 10% (straight-line method), while 15% (straight-line) was used for tax purposes. The tax rate is 30%. The deferred tax asset is: Question 26Select one: a. $1 500 b. $4 500 c. $5 000 d. $25 500 e. None of the above