Able Ltd Has an Asset in Its Books with a Carrying

Able Ltd has an asset in its books with a carrying amount of $120 000 and a tax base of $90 000.The income tax rate has been 30% but in the current year it has been increased to 40%.Able Ltd should make the following entry in its books:

A)
$\begin{array}{llr} \text { Dr Deferred Tax Liability} &\$ 3000 \\ \text {Cr Deferredincome Tax Exnense } &&\$ 3000\\\end{array}$

B)
$\begin{array}{llr} \text { Dr Deferred Tax Asset } &\$ 3000\\ \text { Cr Deferred Income Tax Liability} & &\$ 3000\\\end{array}$

C)
$\begin{array}{llr} \text { Dr Deferred Tax Asset } & \$ 3000\\ \text {Cr Deferred Income Tax Expense } && \$ 3000\\\end{array}$

D)
\begin{array}{llr} \text { Dr Deferred Income Tax Expense } &\$ 3000\\ \text { Cr Deferred Tax Liability} &&\$ 3000\\\\end{array}