Question 36 1 pts 36. Which of the following descriptions about Depreciation Expenses is NOT correct? Reporting depreciation expense will reduce the amount of cash earned from the operations. Reporting depreciation expenses will reduce the amounr of Income Tax to pay. The business will earn more cash from the operationsby the amount of the Depreciation Expenses reported.. Depreciation expenses will not be paid to anyone because it is the estimated amount of lost value of long-term (fixed) assets