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In capital budgeting, depreciation charges: A) are not relevant because they are not cash flows. B) are not relevant in capital budgeting decisions, because they
In capital budgeting, depreciation charges:
A) are not relevant because they are not cash flows.
B) are not relevant in capital budgeting decisions, because they are not discounted.
C) affect the ending balance of operating income, and are thus relevant.
D) are relevant because they relate to capital items.
E) are considered an element of cash flows, and are thus relevant.
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