Ayres Services acquired an asset for $80 million in 2018. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts for pretax accounting income, depreciation, and taxable income in 2018, 2019, 2020, and 2021 are as follows:

Required:
For December 31 of each year, determine (a) the temporary book-tax difference for the depreciable asset and (b) the balance to be reported in the deferred tax liability account.

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($ in millions) 2021 2018 $330 20 (25) $325 2019 2020 $365 20 (15) $370 $350 20 $400 20 Pretax accounting income Depreciation on the income statement Depreciation on the tax return Taxable income (33) $337 $413