S Ltd Acquired Land from Its Parent Company P Ltd

Multiple Choice

S Ltd acquired land from its parent company P Ltd for $1 000 000.The land had originally cost P Ltd $100 000 (assume a tax rate of 30%) .On consolidation,the deferred tax asset will be recorded at:

A) $300 000.
B) $30 000.
C) $270 000.
D) not recorded.