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Depreciation: A) reduces both taxes and net income. B) increases the net fixed assets as shown on the balance sheet. C) reduces both the net

Depreciation:

A) reduces both taxes and net income.

B) increases the net fixed assets as shown on the balance sheet.

C) reduces both the net fixed assets and the costs of a firm.

D) is a noncash expense which increases the net income.

E) decreases net fixed assets, net income, and operating cash flows.

The answer is not C or E.

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