Question

Which of the following is not true about depreciation? Group of answer choices It is a...

Which of the following is not true about depreciation?

Group of answer choices

It is a non-cash expense.

It affects corporate taxes.

It does not affect net income.

All of these are true.

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Answer #1

Solution :-

The correct answer is (D)

That is all of these are true about Depreciation

As Depreciation is a non case expense.

Depreciation affects Net income as Depreciation is a deductible expense.

Depreciation affects corporate taxes as it is a tax deductible expense.

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