Depreciation

question 14

Multiple Choice

Depreciation:

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

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Definitions:

Flight Muscles

The muscles that power the wings in flying animals, enabling flight.

Constant Body Temperature

The maintenance of a steady internal body temperature regardless of external environmental changes.

Birds

Warm-blooded vertebrates with feathers, wings, a beak, and typically the ability to fly, laying hard-shelled eggs.