An entity leased a facility and received P600,000 annual rental payment on June 16, 20x8. The

beginning of the lease was July 1, 20x8. Rental income is taxable when received. The income tax

rate is 32%. An entity had no other permanent or temporary differences. An entity determined

that no valuation is needed. What amount of deferred tax asset should an entity report in its

December 31, 20x8 financial position?