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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.

    © BrainMass Inc. brainmass.com March 4, 2021, 6:13 pm ad1c9bdddf
    https://brainmass.com/business/depreciation/depreciation-assets-next-planning-period-35273

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

    Solution Summary

    The solution answers a question regarding depreciation.

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