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Depreciation for a profitable firm: a. decreases net income by less than $1 for every $1 of depreciation expense. b. increases the net fixed assets
Depreciation for a profitable firm:
a. decreases net income by less than $1 for every $1 of depreciation expense.
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 non-cash expense which increases the net operating income.
e. decreases net fixed assets, net income, and operating cash flows.
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