Depreciation:
A)is a noncash expense that is recorded on the income statement.
B)increases the net non-current assets as shown on the statement of ﬁnancial position.
C)reduces both the net non-current assets and the costs of a ﬁrm.
D)is a non-cash expense which increases the net operating income.
E)decreases net non-current assets, net income, and operating cash ﬂows.

Question

Quizplus · Accepted Answer

Depreciation is a non-cash expense that is recorded on the income statement.