If a company incurs $10 (pretax) of depreciation expense, how does that affect the three financial statements?assume a tax rate of 40%

vgeorgee

Depreciation Tax

Mar 13 2013 12:03 PM

1 Answer(s)

Binny

Balance Sheet - $10 will be subtracted from the assets
Income Statement - $10 will be added to operating expenditure
Cash Flow Statement - Not affected

Mar 16 2013 10:40 AM

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If a company incurs $10 (pretax) of depreciation expense, how does that affect the three financial statements?assume a tax rate of 40%

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