At 30 June 2018, the carrying amount of an asset is $200 000 and its tax base is $160 000. The tax rate is 30 per cent. At 30 June 2018, in relation to this asset, which one of the following items would be recognised?

Question 1 options:

A)	deferred tax asset of $12 000

B)	deferred tax liability of $48 000

C)	deferred tax asset of $48 000

D)	deferred tax liability of $12 000