Depreciation

question 92

Multiple Choice

Depreciation:

• A)reduces both the net fixed assets and the costs of a firm.
• B)is a non-cash expense that is recorded on the income statement.
• C)is a non-cash expense which decreases the net operating income.
• D)decreases net fixed assets, net income, and operating cash flows.
• E)increases the net fixed assets as shown on the balance sheet.

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Definitions:

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