Exercise $16-7($Static$)$ Temporary difference; future deductible amounts; taxable income given $[$LO$16-3]$

Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. For tax purposes, the expense is deducted when the warranty work is completed. At December $31,2024,$ Lance has a warranty liability of $$2$ million and taxable income of $$75$ million. At December $31,2023,$ Lance reported a deferred tax asset