A firm plans to depreciate a five year asset in the next planning period. The statements that will be directly affected immediately are the _____.   Pro-forma income statement, pro-forma cash flow, and cash budget.   Pro-forma income statement and pro-forma balance sheet   Pro-forma balance sheet and cash budget   Pro-forma income statement, pro-forma balance sheet, and cash budget

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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  1. A firm plans to depreciate a five year asset in the next planning period. The statements that will be directly affected immediately are the _____.

     
    1. Pro-forma income statement, pro-forma cash flow, and cash budget.

       
    2. Pro-forma income statement and pro-forma balance sheet

       
    3. Pro-forma balance sheet and cash budget

       
    4. Pro-forma income statement, pro-forma balance sheet, and cash budget.

       
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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