Basra Building Supplies, a supplier of construction materials in Iraq, acquired a delivery truck on January 1, 2020, for IQD 100,000,000. The truck has an estimated useful life of 5 years and no salvage value. Compute the depreciation expense for Basra Building Supplies for the year ended December 31, 2023, using the straight-line method. Evaluate the impact of depreciation on the company's financial statements and taxable income.