Bilex Ltd acquired machinery at a purchase price of $26.6 million on April 1, 2020. Beyond the purchase price, the entity incurred sea freight charges, customs duties, and installation fees of $3.9 million, $4.6 million, and $0.3 million respectively. The entity also incurred $0.8 million to have the machinery delivered from the seaport to the factory , although 25% of the delivery fee was attributable to items unrelated to the machinery that were being transported at the same time . Depreciation on the machinery is to be spread equally over an eight-year period while capital allowances are to be granted at a rate of 15 % on the reducing balance. There are no other assets which give rise to temporary differences . The entity reported taxable profits of $16 million and $14 million for the years to March 2021 and March 2022 respectively . The rate of income tax applicable to the entity is currently 35% REQUIRED: Calculate the applicable depreciation and capital allowances for both years. Determine the deferred tax balances at the end of both years . Determine the total tax expense for both years as would be shown in the statement of profit or loss.