Question: Which one is an appropriate explanation for depreciation? A) It decreases both EBIT(Earning Before Interest and Taxes) and net income. B) It increases the net

\Which one is an appropriate explanation for depreciation?
A) It decreases both EBIT(Earning Before Interest and Taxes) and net income.
B) It increases the net fixed assets as shown on the balance sheet.
C) It is a non-cash expense which increases the net operating income.
E) It decreases net fixed assets, net income, and operating cash flows

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