Lucy's Music Emporium purchased $$50$ million in fixed assets in January and their accountant told them that they would have to depreciate the assets over $20$ years $($they use the same depreciation calculations for shareholder reporting and income tax purposes$).$ In December they learned that their accountant did not have a college degree and fired him. They hired a new accountant with a college degree and she told them that they could depreciate the assets over $15$ years. How would the new depreciation assumption affect the company's financial statements relative to the old assumption?

a$)$

The firm's reported earnings per share would increase.

b$)$

The firm's cash position would increase, all else held equal.

c$)$

The firm's net liabilities would increase.

d$)$

The firm's EBIT would increase.

e$)$

The firm's reported net fixed assets would increase.