Question

When double-declining balance depreciation is used for the recognition of depreciation expense, the statement of cash flows will show an outflow from?.

Answer 1

Depreciation is a non-cash expense, which means that it is added to the operating section of the Cash Flows Statement. Other non-cash expenses which are added to the cash flow statement are amortization of expenses and depletion of assets.

What is Depreciation?

Depreciation is the monetary value of an asset decreasing over time due to use, wear and tear, or obsolescence. It is a non-cash expense.

Thus, the depreciation is a non-cash expense, which means that it is added to the operating section of the Cash Flows Statement. Depreciation is the monetary value of an asset decreases over time due to use, wear and tear, or obsolescence.

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