EGR Corporation has one asset worth $450,000. Depreciation accumulated to date is $180,000 and accumulated CCA is $220,000.The Corporation also recorded warranty expense of $30,000. To date no customers have required warranty service. Assuming the tax rate is 40% what is the income tax implication?

Question 11 options:

	A Deferred income tax asset of $30,000
	A Deferred income tax asset of $16,000
	A Deferred income tax liability of $40,000
	A Deferred income tax asset of $12,000