Boretta Ltd is an ASX-listed company and so complies with the requirements of AASB 112 Income Taxes. The following information has been extracted from the companys financial statements for the year ended 30 June 2022. Provision for employee benefits: $4,600,000 Vehicles (cost): $3,000,000 Accumulated depreciation: ($3,000,000) Carrying amount: $0 Furniture and fittings (cost): $1,200,000 Accumulated depreciation: (600,000) Carrying amount: $600,000 Additional information: A fleet of vehicles were acquired on 1 July, 2018 and are depreciated on a straight-line basis over 6 years for taxation purposes and on a straight-line basis over 4 years for accounting purposes. The furniture and fittings were acquired on 1 July 2019. It is depreciated on a straight-line basis over 6 years for accounting purposes and 6 years for tax purposes. The corporate tax rate is 30%. A tax deduction is only allowed when employees take their entitlements. Employee benefits paid out during the period total $3,400,000. Assume the provision for employee benefits had a balance of $0 at 30 June 2021. In relation to the VEHICLES, Boretta Ltd would record a debit / credit (CHOOSE 1)equal to $ to deferred tax liability/deferred tax asset (CHOOSE 1)

In relation to the FURNITURE AND FITTINGS, Boretta Ltd would record a debit/credit of $ to a deferred tax liability/deferred tax asset.

In relation to the PROVISION FOR EMPLOYEE BENEFITS, Boretta Ltd will record a debit/credit (CHOOSE 1) of $ to a deferred tax asset.