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Depreciation for a tax-paying firm: a) increases expenses and lowers taxes. b) increases the net fixed assets as shown on the balance sheet. c) reduces

Depreciation for a tax-paying firm:

a) increases expenses and lowers taxes.

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 that increases the net income.

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

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