Cougar,Inc

Cougar,Inc.,an IFRS reporter,estimates a deferred tax asset of $60,000 due to a basis difference in warranty liabilities.Management has assessed that it is probable that the firm will not realize 40% of the deferred tax asset.After recording the net deferred tax asset,Cougar's net income will ________ and assets will ________.

A) increase by $24,000; increase by $24,000
B) decrease by $24,000; decrease by $24,000
C) increase by $60,000; decrease by $60,000
D) decrease by $60,000; increase by $60,000