Which of the following explains why depreciation does not impact cash flow on personal tax returns?

A. Depreciation is a noncash figure used to allocate the cost of the asset over its useful life. B. Depreciation is used on business tax returns, not individual tax returns. C. Depreciation is listed on schedules only, not on the Form 1040. D. Depreciation is calculated only on the cost of fixed assets purchased in prior years.