Depreciation is defined as a _______________ but not a cash outlay.

Name: Depreciation is defined as a _______________ but not a cash outlay.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Depreciation is considered a tax deductible expense because it is a non-cash charge that companies can deduct from their taxable income, reducing the amount of taxes they owe. It represents the allocation of the cost of assets over their useful life but does not involve actual cash outflow.

Depreciation Is Defined as a _______________ but Not a Cash