Exercise $16-5($Algo$)$ Taxable income given; calculate deferred tax liability from book$-$tax difference; $100\%$ depreciation in the year of purchase $[$LO$16-2]$

Ayres Services acquired an asset for $$96$ million in $2021.$ The asset is depreciated for financial reporting purposes over four years on a straight$-$line basis $($no residual value$).$ Ayers deducted $100\%$ of the asset's cost for income tax reporting in $2021.$ The enacted tax rate is $25\%.$ Amounts for pretax accounting income, depreciation, and taxable income in $2021,2022,2023,$ and $2024$ are as follows:

$($$ in millions$)$

$2021202220232024$

Pretax accounting income $ $380$ $ $400$ $ $415$ $ $450$

Depreciation on the income statement $24242424$

Depreciation on the tax return $(96)(0)(0)(0)$

Taxable income $ $308$ $ $424$ $ $439$ $ $474$

Required:

For December $31$ of each year, determine $($a$)$ the cumulative temporary book$-$tax difference for the depreciable asset and $($b$)$ the balance to be reported in the deferred tax liability account. $($Leave no cell blank, enter $"0"$ wherever applicable. Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).)$