Depreciation Expense

question 20

Multiple Choice

Depreciation expense:

• A) reduces both taxes and net income.
• B) increases net fixed assets as shown on the balance sheet.
• C) is a noncash item that increases net income.
• D) decreases current assets,net income,and operating cash flows.

---

Definitions:

Third Party

An entity that is involved in a transaction or situation but is not one of the primary parties.

Request for Adjustment

A formal or informal appeal for a change or correction of a product, service, or situation that did not meet expectations.

Customer's Claim

A statement or assertion made by a customer regarding a product or service, typically related to quality, performance, or satisfaction issues.

Communication Bots

Software applications designed to automate interactions and engage in conversation with humans, often through messaging platforms.