Lincoln Transportation owns a fleet of $48$ semi$-$trucks. The original cost of the fleet was $$9,120,000.$ Lincoln uses straight$-$line depreciation for the fleet for accounting purposes, and MACRS depreciation for tax purposes. The company had a deferred tax liability balance of $$170,000$ at the end of fiscal year $2020$ related to the fleet.

At the end of fiscal year $2021,$ the GAAP book value of the fleet was $$6,260,000,$ while the tax book value was $$5,620,000.$ Lincoin's taxable income for fiscal year $2021$ was $$6,000,000.$ Its tax rate was $30\%.$

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Requirements

Calculate the deferred tax liability related to the fleet as of the end of fiscal year $2021.$

Record the tax accrual for $2021$ as of the end of fiscal year $2021.$