is currently being called. Question 3 Depreciation: A reduces both taxes and net income. B) reduces both the net fixed assets and the costs of a firm. increases the net fixed assets as shown on the balance sheet. D is a noncash expense which increases the net income. E decreases net fixed assets, net income, and operating cash flows. Question 4 Which one of the following is included in a firm's market value but yet is excluded from the firm's a 70 minutes remaining Type here to search ORI a