concept Overviews, Exercises, Problems ! Required information Knowledge Check 01 When the indirect method is used to adjust net income to net cash provided by operating activities, the first step is to O add depreciation charges to net income O adjust for gains/losses included in the income statement O analyze net changes in noncash balance sheet accounts that impact net income O subtract depreciation charges from net income Saved O $300 O $400 O $500 $550 Prev Knowledge Check 02 Assume the Accumulated Depreciation account had beginning and ending balances of $600 and $1,000, respectively. Also, assume that the company sold equipment with accumulated depreciation of $100 during the period. What was the amount of depreciation charges during the period? 8 9 10 13 of 14 mwa B Help Next > Save & Exit Check my