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Consider the following balances for Keifer Corp. December 31, 2022 December 31, 2021 Property and equipment, at cost $12,500,000 $12,500,000 Accumulated depreciation (5,900,000) (5,150,000) Keifer
Consider the following balances for Keifer Corp.
December 31, 2022 | December 31, 2021 | |
Property and equipment, at cost | $12,500,000 | $12,500,000 |
Accumulated depreciation | (5,900,000) | (5,150,000) |
Keifer did not buy or sell any fixed assets during 2022. In the operating section of Keifer's 2022 statement of cash flows prepared using the indirect method, depreciation expense will
Group of answer choices
be a $750,000 addition.
be a $750,000 deduction.
be a $5,900,000 addition.
not be shown.
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