Question: In what manner does depreciation expense affect investment projects? Select one: O a. It reduces taxes by the amount of the depreciation expense. O b.

In what manner does depreciation expense affect investment projects? Select one: O a. It reduces taxes by the amount of the depreciation expense. O b. It reduces cash flows by the amount of the depreciation expense. O c. It reduces taxable income by the amount of the depreciation expense. O d. It increases cash flows by the amount of the depreciation expense
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