[SOLVED]Last year Attic charged $2,216,000 Depreciation on the Income Statement of Andrews
Last year Attic charged $2,216,000 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):
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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
