Question: : Depreciation: 1. O increases the net fixed assets as shown on the balance sheet. 2. O is a noncash expense that is recorded on

: Depreciation: 1. O increases the net fixed assets as shown

: Depreciation: 1. O increases the net fixed assets as shown on the balance sheet. 2. O is a noncash expense that is recorded on the income statement. 3. reduces both the net fixed assets and the costs of a firm. 4. is a non-cash expense which increases the net operating income. 5. decreases net fixed assets, net income, and operating cash flows

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