easy5 pts · first answer countscash-flow-statement

Why depreciation is added back

In the indirect method of the cash flow statement, why is depreciation added back to net income?

A.Because depreciation is a cash payment made to the bankB.Because depreciation is an expense that reduced profit but did not use cash in the periodC.Because depreciation increases the value of fixed assetsD.Because tax authorities require it to be shown twice

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Why depreciation is added back

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