A Ltd (with 31 December accounting year-end) bought a machinery at a cost of $300,000 on 1 January 2017. For accounting purposes, the cost of the machinery is to be depreciated using the straight-line method over five years. Assume that tax rules allow the cost of the machinery to be claimed over three years commencing 2017 on straight-line method. Calculate taxable temporary differences and deferred tax liabilities, for five-year period assumes that the tax rate is 25%?

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