Depreciation Expense Is Listed on the Direct Method Statement of Cash

question 103

True/False

Depreciation expense is listed on the direct method statement of cash flows because it affects income.

---

Definitions:

Scope

The extent or range of view, outlook, application, operation, or effectiveness of an action or concept.

Medium

A means or channel of communication, such as print, digital, or broadcast.

Simplicity

The quality of being easy to understand or use, without unnecessary complexity.

Revision

The act of reviewing and altering a document or project, with the intent of making improvements or corrections.