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When calculating free cash flows, which of the following statements is NOT true regarding the depreciation? Group of answer choices As an accrual, depreciation does
When calculating free cash flows, which of the following statements is NOT true regarding the depreciation?
Group of answer choices
As an accrual, depreciation does not factor into free cash flow calculations.
Depreciation is an accrual, not a cash flow.
Depreciation create a tax shield.
Depreciation is first removed and the subsequently added back in when calculating free cash flows.
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