Depreciation

Multiple Choice

Depreciation:

A) is a noncash expense that is recorded on the income statement.
B) increases the net non-current assets as shown on the statement of financial position.
C) reduces both the net non-current assets and the costs of a firm.
D) is a non-cash expense which increases the net operating income.
E) decreases net non-current assets, net income, and operating cash flows.