PLEASE ONLY ANSWER IF YOU ARE $100\%$ SURE THAT YOUR ANSWER IS CORRECT AND DO NOT COPY THE ANSWERS FROM OTHER SIMILAR QUESTIONS BECAUSE THEY ARE ALL WRONG. I WILL LEAVE A THUMB DOWN AND REPORT YOU TO CHEGG!

Parry Corp. acquired new equipment for $$3,300,000$ in $20$X$6.$ For accounting purposes, the equipment will be depreciated over five years, straight$-$line, with a full year$$s depreciation in the first year. For income tax purposes, Parry can take CCA over the next three years of $$225,000$ in $20$X$6,$ $$405,000$ in $20$X$7,$ and $$326,250$ in $20$X$8.$ Parry$$s income tax rate is $36\%.$

Required:

For each $31$ December $20$X$6$ through $20$X$8,$ determine:

$1.$ The tax basis for the equipment for the year $20$X$6,20$X$7,20$X$8$

$2.$ The accounting basis for the equipment for the year $20$X$6,20$X$7,20$X$8$

$3.$ The cumulative amount of the temporary difference relating to the equipment for the year $20$X$6,20$X$7,20$X$8$

$4.$ The balance of deferred income tax asset or liability that would be reported on the statement of financial position for the year $20$X$6,20$X$7,20$X$8$

$5.$ The amount of the deferred income tax adjustment for the year $20$X$6,20$X$7,$ and $20$X$8$