Depreciation expense is added to net income when determining net cash provided by operating activities under the indirect method.

Name: Depreciation expense is added to net income when determining net cash provided by operating activities under the indirect method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash item and is added back to net income when calculating net cash provided by operating activities under the indirect method.

Depreciation Expense Is Added to Net Income When Determining Net