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7 of 18 Depreciation expense is deducted from our budgets for cash purposes because. Since we already paid for the equipment, the expense has

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7 of 18 Depreciation expense is deducted from our budgets for cash purposes because. Since we already paid for the equipment, the expense has already been recorded. Depreciation is a non-cash expense, so even though it is an expense on the income statement, it does not affect our cash balance. O Depreciation is a non-cash expense, so we don't have to record it on our budgeted financial statements.

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