The following information was extracted from the financial records of Tool Ltd: equipment purchased on 1 January 2020 for $200,000 (accounting depreciation 10% straight line; tax depreciation 20% straight line). If the company tax rate is 30%, the deferred tax item that will be recorded by Tool Ltd at 30 June 2021 is:

Select one:

a.

DR Deferred tax asset $30,000

b.

CR Deferred tax liability $9,000

c.

DR Deferred tax asset $9,000

d.

CR Deferred tax liability $30,000