financial statement analysis ans please

Redtop Co. purchased a piece of equipment this year for $300,000. Management estimates that the equipment will have a useful life of five years and no salvage value. The depreciation expense recorded in year one for tax purposes will be $72,000. The company uses the straight-line method of depreciation for reporting purposes. a. Calculate the amount of depreciation expense for reporting purposes this year ( 1 mark). b. What will be the net book value of the equipment reported on the balance sheet at the end of year two? (2 marks) c. Will a deferred tax asset or deferred tax liability be created, as a result of the depreciation recorded for tax and financial reporting purposes at the end of year one? ( 1 mark) d. What amount will be added to the deferred tax account, as a result of the depreciation timing difference in year one? ( 1 mark)