At the end of $20$X$8,$ Bent Angel Ltd$.\text{'}$s statement of financial position showed equipment at total cost of $$2,800,000.$ The equipment was being amortized at $10\%$ per year, straight$-$line, and was $40\%$ depreciated at the end of $20$X$8.$ The income tax files showed UCC for the equipment of $$630,000.$ The statement of financial position also showed an asset of $$540,000$ for unamortized development costs. The development costs had been incurred in previous years and all costs had been deducted for income tax purposes in those prior years.

In $20$X$9,$ the company acquired an additional $$380,000$ in equipment while scrapping equipment that originally cost $$165,000.$ CCA claimed for $20$X$9$ was $$123,000.$ The company amortized $$90,000$ of the development cost asset.

The company pays income tax at a rate of $40\%.$

Assume $1$st$-$year convention, based on $40\%$ depreciation.

Required:

$1.$ What are the accounting basis and the tax basis of the equipment and of the development cost asset at the end of each of $20$X$8$ and $20$X$9?($Enter answers in thousands. Round answers to one decimal places. Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$

$2.$ What is the cumulative temporary difference for each item, and the balance of the deferred income tax account at the end of each year? $($Enter answers in thousands. Amounts to be deducted should be indicated with a minus sign. Round temporary difference answers to one decimal places and Deferred income tax amount to two decimal place.$)$

$3.$ This part of the question is not part of your Connect assignment.