Bulldog Supplies Ltd Has an Item of Equipment That Has

Bulldog Supplies Ltd has an item of equipment that has a carrying value of $80 000.For taxation purposes the asset's net value is $60 000 and deferred tax liabilities of $3000 had previously been recorded.Bulldog also has accrued interest revenue of $5000 that will not be taxed until it is received in cash.The tax rate is 30%.What is the journal entry to record the tax effect?

A) $\begin{array}{|l|l|r|r|}\hline \mathrm{Dr} & \text { Income tax expense } & \$ 4500 & \\\hline \mathrm{Cr} & \text { Deferred tax liability } & & \$ 4500 \\\hline\end{array}$
B) $$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Deferred tax asset } & \$ 4500 & \\\hline \mathrm { Cr } & \text { Income tax expense } & & \$ 4500 \\\hline\end{array}$$
C) $$\begin{array} { | c | l | r | r | } \hline \mathrm { Dr } & \text { Income tax expense } & \$ 1500 & \\\hline \mathrm { Cr } & \text { Deferred tax liability } & & \$ 1500 \\\hline\end{array}$$
D) $$\begin{array} { | l | l | r | r | } \hline \text { Dr } & \text { Deferred tax asset } & \$ 15000 & \\\hline \mathrm { Cr } & \text { Income tax payable } & & \$ 15000 \\\hline\end{array}$$