Which of the statements below is FALSE? 4. CProfits are an accounting measure of performance during a specific period of time. To obtain the operating cash flow, given the net income, we add back depreciation and subtract taxes Cash flow is an accounting measure of performance during a specific period of time. A company could show a loss for the operating period but have generated positive cash flow for the business. 5. A firm is considering purchasing an asset that will have a useful life of 15 years and cost $5 million; it will have installation costs of $500,000 and a salvage or residual value of $500,000. What is the annual straight-line depreciation for this asset? $700,000 per year $333,333 per year $500,000 per year C$600,000 per year