On 30 June 2014, Walters Limited Had an Item of Plant

On 30 June 2014, Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000. At this date, the fair value of the plant was $100 000 and Walters Limited revalued the plant. Assuming a tax rate of 30%, the tax effect of the revaluation would be recorded as which of the following? $$\begin{array} { l l l l } \text { Ircome tax expendse - OCI } & \text { Dr } & 4800 \\\quad \text { Currert tax liability } & \text { Cr } & & 4800 \\\\\text { Deferred tax asset } & \text { Dr } & 4800 \\\text { Incorne tax expense - OCI } & \text { Dr } && 4800 \\\\ \text { Deferred tax asset }& \text { Dr } & 4800 \\\text { Currert tax liability }& \text { Cr } & & 4800\\\\\text { Income tax expense - OCI } & \mathrm{Dr} & 4800 \\\text { Deferred tax liability } & \mathrm{Cr} & & 4800 \end{array}$$