At December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations: 

1. Estimated warranty expense, $16 million temporary difference: expense recorded in the year of the sale; tax-deductible when paid (one-year warranty). 

2. Depreciation expense, $120 million temporary difference: straight-line in the income statement; MACRS on the tax return. 

3. Income from installment sales of properties, $20 million temporary difference: income recorded in the year of the sale; taxable when received equally over the next five years. 

4. Rent revenue collected in advance, $24 million temporary difference; taxable in the year collected; recorded as income when the performance obligation is satisfied in the following year. 

Required: 

Assuming DePaul will show a single noncurrent net amount in its December 31 balance sheet, indicate that amount and whether it is a net deferred tax asset or liability. The tax rate is 25%.