Please help I will rate question

The author of a new book, who is in a 20% tax bracket, received a $100.000 advance from the publisher this year. $20,000 of income taxes were paid on the advance when received. The book will not be finished until next year. What is the carrying value of the advance at the end of this year, $20.000 50 $100.000 If the tax base of an asset is smaller than the asset's carrying value and a reversal is expected in the future: neither a deferred tax asset or liability is created a deferred tax asset is created a deferred tax liability is created