Ottorino Manufacturing Company provided the following balances in its deferred tax accounts at the end of the

Question:

Ottorino Manufacturing Company provided the following balances in its deferred tax accounts at the end of the current year:
Deferred Tax Asset (one year warranty) ………………………………………$ 3,000
Deferred Tax Asset (advance collection for three year subscription)…………. 90,000 Deferred Tax Liability (excess tax depreciation) ……………………………..225,000
Assuming a single taxing jurisdiction, classify the deferred tax balances that Ottorino will report on its balance sheet.