Depreciation Is A(n)___________________ Added Back to Net Income When Preparing

question 72

Short Answer

Depreciation is a(n)___________________ added back to net income when preparing the operating activities section of the Statement of Cash Flows.

---

Definitions:

Private Property

Refers to land, buildings, or possessions owned by individuals or entities and not by the government or public organizations.

Economic Systems

The structured and organized methods by which societies allocate resources, distribute goods and services, and manage economic activity.

Factors of Production

are the inputs necessary for the creation of goods and services, which typically include land, labor, capital, and entrepreneurship.

Economic Function

The role or purpose that an economic activity serves in the broader economy, contributing to overall economic performance.