The Chief Accountant of Al is in the process of drafting the annual report for the year ended October 20x0. He is currently preparing a note in respect of deferred tax. The deferred taxation account has a credit balance of $1.5 million on October 20w9. All these amounts arose in respect of the difference between depreciation and capital allowances. During the year ended October 31,20x0, the company charged $18.0 million in depreciation and claimed $20.8 million in tax allowances