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7. Depreciation expenses affect tax-related cash flows by: A) increasing taxable income, thus increasing taxes. B) decreasing taxable income, thus reducing taxes. C) decreasing taxable

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7. Depreciation expenses affect tax-related cash flows by: A) increasing taxable income, thus increasing taxes. B) decreasing taxable income, thus reducing taxes. C) decreasing taxable income, but not altering cash flows since depreciation is not a cash expense. D) all of the above

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