On January 1, 2013, Warfield Co. purchased a $600,000 machine, with a five-year useful life and no salvage value. The ma

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On January 1, 2013, Warfield Co. purchased a $600,000 machine,with a five-year useful life and no salvage value. The machine wasdepreciated by an accelerated method for book and tax purposes. Themachine's carrying amount was $240,000 on December 31, 2014. OnJanuary 1, 2015, Warfield changed the depreciation methodprospectively to the straight-line method for financial-statementpurposes. Warfield can justify the change. Warfield's income taxrate is 30%. On December 31, 2015, what amount should Warfieldreport as deferred income tax?
$4,320 deferred tax liability
$72,000 deferred tax liability
$14,400 deferred tax liability
$86,400 deferred tax liability