In 2008, Admire Company Accrued, for Financial Statement Reporting, Estimated

In 2008, Admire Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $1,500,000. The facilities were sold in March 2009 and a $1,500,000 loss was recognized for tax purposes. Also in 2008, Admire paid $100,000 in premiums for a two-year life insurance policy in which the company was the beneficiary. Assuming that the enacted tax rate is 30% in both 2008 and 2009, and that Admire paid $780,000 in income taxes in 2008, the amount reported as net deferred income taxes on Admire's balance sheet at December 31, 2008, should be a

A) $420,000 asset.
B) $360,000 asset.
C) $360,000 liability.
D) $450,000 asset.