Final answer:
Property taxes and depreciation are fixed costs, not variable costs, because they do not fluctuate with the level of production.
Step-by-step explanation:
The statement that property taxes and depreciation expense are examples of variable costs is false. Fixed costs are expenditures that do not change irrespective of the level of production, and property taxes as well as depreciation expenses fall under this category. In contrast, variable costs change with the level of output, which includes costs such as labor and raw materials. Property taxes and depreciation are fixed costs, not variable costs, because they do not fluctuate with the level of production. So, the statement is False.
Answer: False