Solution-Depreciation on the income statement

Depreciation on the income statement

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Reference no: EM13150918

Last year Attic charged $3,496,000 Depreciation on the Income Statement . If early this year Attic sold all its depreicable assets for their book value, the effect on financial statements would be (all other items remaining equal):

Select 1
No impact on Net Cash from operations
Decrease Net Cash from operations on the Cash Flow Statement
Just impact the Balance Sheet
Increase Net Cash from operations

Reference no: EM13150918

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Depreciation on the income statement

Reference no: EM13150918

Reference no: EM13150918

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