During Year1, the tax return of a company showed a net operating loss of $900. The enacted tax rate for Year 1 and all future years 30%, and Bradbury is not in an industry that is elligble for the carry-back option. during Year 2, the company's taxable income before considering any benefit of carryforward amounts was $250. This company has no other book-tax differences. What will the balance in the deferred tax asset on the Year 2 balance sheet be? I was thinking 900 *.2. since operating loss (minus/adding any adjustments) times the tax rate equals the deferred tax asset. But I'm not sure. Thank you!