Depreciation Expense

question 28

Multiple Choice

Depreciation expense

• A) is subtracted from the statement of cash flows.
• B) is added to the statement of cash flows because it is not an expenditure.
• C) is listed on the income statement as a variable expense.
• D) appears only on the income statement.

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Definitions:

Annual Annuity

A series of equal payments made at regular intervals over a period of one year.