sodule 1 an Question 30 Not yet answered Points out of 1 Flag question . Calculate the deferred tax asset at 31 December 20X1 based on the following: $10,000 asset acquired 01 January 20X1 Asset has zero estimated salvage value Useful life of five years for both GAAP and tax depreciation GAAP depreciation - straight-line method Tax depreciation - double declining balance method (i.e. 40% of the asset's depreciable base is depreciated in year one) Tax rate of 30% Select one: a. $600 b.NA - should be a deferred tax liability instead of a deferred tax asset c. $2,000 d. $1,200 e. $300