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Sagot :
Last year art charged $1,736,533 depreciation on the income statement of andrews. If early this year art purchased a new depreciable asset, the effect on andrews's financial statements would be (all other items remaining equal) increase
net cash from operations.
Since the assets was purchased early in the
year, depreciation will be charged on it in
the income statement for the year at the end
of the year. Since depreciation is a non-cash
item, it will added back to the net income in
the indirect Cash Flow Statement method
as one of the adjustments to the net income
under the Cash from operations. This adding
back of the depreciation will therefore lead
to an Increase Net Cash from operations.
So, last year art charged $1,736,533 depreciation on the income statement of andrews. If early this year art purchased a new depreciable asset, the effect on andrews's financial statements would be (all other items remaining equal) increase
net cash from operations.
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