Please use the following information to answer the next three questions:

Arizona Company purchased a piece of equipment last year for $300,000, with a useful life of five years and no salvage value. The depreciation expense recorded for tax purposes will be $72,000 in Year 2. The company uses the straight-line method of depreciation for reporting purposes.

Calculate the amount of depreciation expense for reporting purposes for Year 2.

What will be the net book value of the equipment reported on the balance sheet at the end of Year 2?

What amount will be added to the deferred tax account as a result of the depreciation timing difference?