Which of the following statements is NOT true about the Deferred Income Taxes, Deferred Tax Liability, and Net PP&E over

Years $1-3?$

Initially, Deferred Income Taxes will be negative since Tax Depreciation is higher than Book Depreciation, but they will turn positive in

Year $3.$

The Deferred Tax Liability at the end of Year $1$ will be $$25.$

On both versions of the statements, the Net PP&E and Deferred Tax Liability will be $$0$ at the end of Year $3.$