Use the following information for questions 16 and 17. At the beginning of 2015, Pitman Co. purchased an asset for $1,200,000 with an estimated useful life of 5 years and an estimated salvage value of $200,000. For financial reporting purposes the asset is being depreciated using the straight-line method; for tax purposes the double-declining-balance method is being used. Pitman Co.'s tax rate is 40% for 2015 and all future years. 16. At the end of 2015. what are the book basis and the tax basis of the asset? 6 17. At the end of 2015, which of the following deferred tax accounts and balances is reported on Pitman's balance sheet