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Last year Attic charged $2,216,800 Depreciation on the Income Statement of Andrews. If early this year Attic sold all its depreicable assets for their book
Last year Attic charged $2,216,800 Depreciation on the Income Statement of Andrews. If early this year Attic sold all its depreicable assets for their book value, the effect on Andrews's financial statements would be (all other items remaining equal):
Select: 1
Just impact the Balance Sheet
No impact on Net Cash from operations
Increase Net Cash from operations
Decrease Net Cash from operations on the Cash Flow Statement
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