Assuming that there are no income taxes, which of the following is correct concerning depreciation? Select one: a. None of the other choices is correct. b. Depreciation reduces net income but does not change cash from operations. C. Depreciation provides less cash from operations than would have been available without the depreciation. d. Depreciation builds a cash reserve to fund the replacement of plant, property and equipment e. Depreciation increases cash from operations and decreases net income