Depreciation is a non-cash expense

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Reference no: EM13906703

Which of the following statements is FALSE?

a. Assets that are increasing in value are still subject to depreciation.

b. Depreciation is a non-cash expense.

c. Accumulated depreciation represents a growing amount of cash to be used to replace the existing asset.

d. Accumulated depreciation is that portion of a plant asset’s cost that has been recorded previously as an expense.

Reference no: EM13906703

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