E 16-4 Taxable income given; calculate deferred tax liability from book-tax difference; financial statement effects LO16-2 Ayres Services acquired an asset for $80 million in 2024 . The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 25%. Amounts for pretax accounting income, depreciation, and taxable income in 2024,2025,2026, and 2027 are as follows: Required: For December 31 of each year, determine (a) the temporary book-tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account