Just impact the Balance Sheet I believe the right answer is the impact on the ba

Question

Just impact the Balance Sheet

I believe the right answer is the impact on the balance sheet. Just want to make sure. Thank you

Last year Aft charged $5,366,667 Depreciation on the Income Statement of Andrews. If early this year Aft sold all its depreicable assets for their book value, the effect on Andrews's financial statements would be (all other items remaining equal): A Increase Net Cash from operations B No impact on Net Cash from operations C Decrease Net Cash from operations on the Cash Flow Statement D

Just impact the Balance Sheet

I believe the right answer is the impact on the balance sheet. Just want to make sure. Thank you

Explanation / Answer

Yes, Correct option is Just impact the Balance Sheet because depreciation is non cash expense, so no impact on cash flows, however will impact balance sheet as Net income decreses.

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