Espatax S.A. is a Spanish publisher specialized in tax publications. On January 2019, due to a huge increase in the demand for tax books and journals, Espatax S.A. decided to purchase, for the price of 100.000, a new cutting-hedge printing machine that would significantly improve its printing capabilities.

Due to its intensive use by Espatax i.e. day and night - the printing machine was attributed a life expectancy of 2 years. Consequently, in the financial statements related to fiscal years 2019 and 2020, a 50.000 depreciacion was listed each year. According to the Spanish tax code, however, the depreciation rate of assets such as the printing machine at issue should not exceed 20%. In drafting its tax return for fiscal years 2019 and 2020, did Espatax S.A. have to make any tax adjustments with regard to the depreciation of the printing machine? And what about the tax return for 2021? Please provide justifications for your answer.