The statement "Depreciation expense is added back to the net income in calculating operating cash flows." is True
What is Depreciation?
Generally, When calculating operational cash flows, the amount that was spent on depreciation must be put back into the net income. This statement is accurate.
The word "depreciation" is used in the field of accounting to refer to two different facets of the same concept: first, the real decline in the market value of an asset over time, as the annual decline in the value of a manufacturing facility's equipment.
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