Question: Pick the correct statement related to depreciation from below. Multiple Choice Depreciation reduces both taxes and net income. Depreciation reduces both the net fixed assets

Pick the correct statement related to depreciation from below.
Multiple Choice
Depreciation reduces both taxes and net income.
Depreciation reduces both the net fixed assets and the costs of a firm.
Depreciation is a noncash expense which increases the net income.
None of the given statements is correct.
Depreciation decreases net fixed assets, net income, and operating cash flows.
Pick the correct statement related to depreciation from below. Multiple Choice

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