At the most recent year-end, a companys appropriately recognized noncurrent deferred income tax asset exceeded a current deferred income tax liability. Which of the following should be reported in the companys most recent year-end balance sheet?

• The deferred income tax asset as a current asset

• The deferred income tax asset as a noncurrent asset

• The excess of the deferred income tax asset over the deferred income tax liability as a noncurrent asset

• The excess of the deferred income tax asset over the deferred income tax liability as a current asset