Which of the following is true of depreciation

Group of answer choices

Depreciation on equipment is relevant in decision making because depreciation on equipment that has already been purchased is an opportunity cost.

Depreciation on equipment is irrelevant in decision making because depreciation on equipment that has already been purchases is an opportunity cost.

Depreciation on equipment is irrelevant in decision making because there is no cash transaction.

Depreciation on equipment is irrelevant in decision making because depreciation on equipment that ha already been purchased is a past cost.