Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 11 - Depreciation, Impairments, and Depletion - Questions - Page 635: 14

Answer

No, depreciation is not a source of revenue.

Work Step by Step

Depreciation is added to net income on the statement of cash flows (indirect method) because it is a non-cash expense, not because it is a cash inflow.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.