Depreciation expense: Group of answer choices is a tax deductible non-cash expense is not a true expense represents a cash outflow on the cash flow statement is deducted from net income

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Business

Angelica Thomas

26 December, 14:19

Depreciation expense: Group of answer choices is a tax deductible non-cash expense is not a true expense represents a cash outflow on the cash flow statement is deducted from net income

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Anabelle Castro · Answer 1

tax deductible non-cash expense

Explanation:

Depreciation is an non-cash expense showing a decrease in the value of the fixed assets due to tear and wear, obsolescence, usage, time period, etc. It's displayed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.

It is a tax-deductible expense when you are filling the return plus it would be added in the net income on the cash flow statement