Why are depreciation expenses excluded from net income when preparing the cash budget?

Question:

Why are depreciation expenses excluded from net income when preparing the cash budget?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Management For Decision Makers

ISBN: 815

2nd Canadian Edition

Authors: Peter Atrill, Paul Hurley

Question Posted: