QUESTION 19 Marked out of 1.00 PFlag question Not complete Morgan Company began operations in 2015. The company reported $58,000 of depreciation expense on its income statement in 2015 and $32,000 in 2016. On its tax returns, Morgan deducted $84,000 for depreciation in 2015 and $94,000 in 2016. The 2016 tax return shows a tax obligation (liability) of $38,400 based on a 40% tax rate. Deferred Income Taxes What is the temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2016? Select one: O a. $52,000 O b. $38,400 Oc.$88,000 O d. $22,000