At the end of 2010 (its first year of operations), Dean Co. prepared a reconciliation between book (pretax financial) income and taxable income as follows:

Book (pretax financial) income :$200,000

Estimated litigation expense :+500,000

Excess tax depreciation:-400,000

Taxable income: $300,000

The estimated litigation expense of 500,000 will be deductible on the tax return in 2012 when it will be paid the excess tax depreciation recorded in 2010 will reverse in the amount of 200,000 in each of the next two years. The income tax rate is 30% for all years. The amount of the deferred tax asset to be recognized is