On January 1, 2014, Scoul Sisters Inc. purchased a fleet of tractors for $18,250,000. When the tractors were purchased, management estimated that the fleet of tractors would have a useful life of six years and a $3,250,000 salvage value. Seoul Sisters Inc. depreciates long-term assets using the double-declining balance method for tax purposes. The company uses the straight-line method of depreciation for financial statement (i.e., reporting) purposes. The tables below show the beginning and ending book values for the fleet of tractors using the straight-line depreciation method and using the double-declining balance method: 10. Was a deferred tax asset or a deferred tax liability created in 2016 as n result of the difference in depreciation recorded for tax versus for financial reporting purposes? a. Deferred tax asset b. Deferred tax liability c. Neither a deferred tax asset nor a deferred tax liability is created in 2016. d. The answer to this question cannot be determined with the information provided. 11. Assuming that the company's tax rate is 28%, what dollar amount (as an absolute value) will be added (if your answer to the prior question was " a ") or subtracted (if your answer to the prior question was "b") to the deferred tax account in 2016 as a result of the depreciation timing difference