Which of the following is always a non-cash expense?

Name: Which of the following is always a non-cash expense?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Depreciation is the allocation of the cost of a long-term asset over its useful life. It is a non-cash expense because it does not involve an outflow of cash, but rather the reduction of an asset's value over time. Income taxes and salaries, on the other hand, are typically cash expenses as they involve the payment of money.

Which of the Following Is Always a Non-Cash Expense