Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I've been reviewing some of the preliminary financial data from a variety of our reports. I noticed that we charged $2345000 in depreciation for Ant
I've been reviewing some of the preliminary financial data from a variety of our reports. I noticed that we charged $2345000 in depreciation for Ant (product). From discussions with our board, we predict and increase in depreciation for Ant(product). I'd like you to communicate the primary effect of this increase to Louis, as well as those on the leadership team in operations. I'm sure they will be interested in learning what (if any) impact this will have on our financial statement you can reply directly to Louis with your initial response
predicted depreciation increase will decrease net cash from operations on the cash flow statement |
predicted depreciation increase will increase net cash from operations, which he will see on the cash flow statement |
predicted depreciation increase will have no impact on the net cash from operations because depreciation appears in both cash flow and income statements |
predicted depreciation increase will only impact the balance sheet |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started