Gopher Hunter Company reported depreciation of $100,000 each year for the first 5 years of business. Gopher reported tax depreciation of $200,000, $150,000, $80,000, $50,000 and $10,000 for years 1, 2, 3, 4, and 5, respectively. Assuming a 21% enacted tax rate, describe the cumulative temporary difference. Multiple choice question. $10,000 cumulative favorable and $10,000 deferred tax asset $10,000 cumulative unfavorable and $2,100 deferred tax asset $10,000 cumulative favorable and $2,100 deferred tax asset $10,000 cumulative unfavorable and $10,000 deferred tax liability