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Depreciation of Assets in the Next Planning Period

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A firm plans to depreciate a 5 year asset in the next planning period. The statements that will be directly affected immediately are the _______

(a) pro forma income statement, pro forma balance sheet, & cash budget

(b) pro forma balance sheet, cash budget, & statement of retained earnings

(c) cash budget & pro forma balance sheet

(d) pro forma income statement & pro forma balance sheet

Please advise answer & why.

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The solution answers a question regarding depreciation.

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(d) pro forma income statement & pro forma balance sheet
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