$17.)$ LO$.1,4$ Using the facts of Problem $16,$ determine Prance$$s $2024$ deferred tax benefit or expense and any deferred tax asset or liability that should be reported on its $2023$ balance sheet. In net present value terms, what has been the value to Prance of accelerating $$20,000$ of $2024$ book depreciation to $2023?$ Use text Appendix E to calculate your answer. $16.)$ Prance reports $$600,000$ of pretax book net income in $2024.$ Prance$$s book depreciation on the asset acquired in $2023$ was $$80,000$ while cost recovery for tax purposes was $$60,000.$ Prance reports no other temporary or permanent book$-$tax differences. Assuming that the pertinent U$.$S$.$ tax rate is $21\%,$ compute Prance$$s current income tax benefit or expense for the year.