Asked by Sarah Boktor on May 11, 2024
Verified
Net income is affected by the depreciation method used.
Net Income
The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.
- Appreciate the influence of different depreciation techniques on net income and asset valuation.
Verified Answer
PL
Patricia LopezMay 14, 2024
Final Answer :
True
Explanation :
Different depreciation methods spread the cost of an asset over its useful life in various ways, affecting the annual depreciation expense and, consequently, the net income.
Learning Objectives
- Appreciate the influence of different depreciation techniques on net income and asset valuation.