Question: When using the direct method, how is depreciation expense recorded on the statement of cash flows? Operating activity Not reported on the statement of cash

When using the direct method, how is depreciation expense recorded on the statement of cash flows?

Operating activity
Not reported on the statement of cash flows
Financing activity
Investing activity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!