Depreciation on the income statement of andrews

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Reference no: EM132351092

Last year Attic charged $4,884,267 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new depreciable asset, the effect on Andrews's financial statements would be (all other items remaining equal):

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

Reference no: EM132351092

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