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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