Last year Attic
Last year Attic charged $1,881,333 Depreciation on the Income Statement of Andrews. If early this year Attic sold all its depreicable assets for their book value, the effect on Andrews’s financial statements would be (all other items remaining equal):Select: 1
Decrease Net Cash from operations on the Cash Flow Statement
No impact on Net Cash from operations
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Increase Net Cash from operations
Just impact the Balance Sheet