There was no permanent differences between income before taxes $($pretax accounting income$)$ and taxable income. The only temporary difference resulted from the use of the straight$-$line method depreciation for financial reporting and accelerated depreciation for income tax purposes.

Assuming an income tax rate of $40$ percent and income before depreciation $($for both book and tax purposes$)$ of $$60,000$ in the year $2023,$ indicate whether the following statements are "true" or "false" by circling your answers below $($each answer is worth $2$ points$)$: