[SOLVED] Last year Aft charged $5,040,000 Depreciation on the Income Statement of Andrews.
Last year Aft charged $5,040,000 Depreciation on the Income Statement of Andrews. If Aft sold a fully depreciated piece of equipment at a loss, the effect on Andrews's financial statements would be (all other items remaining equal):
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- No impact on Net Cash from operations
- Decrease Net Cash from operations on the Cash Flow Statement
- Just impact the Balance Sheet
- Increase Net Cash from operations
