Last year Ace charged $1,214,400 Depreciation on the Income Statement of Andrews.

Last year Ace charged $1,214,400 Depreciation on the Income Statement of Andrews. If Ace sold a fully depreciated piece of equipment at a loss, the effect on Andrews’s financial statements would be (all other items remaining equal):

Select: 1

No impact on Net Cash from operations

Increase Net Cash from operations

Decrease Net Cash from operations on the Cash Flow Statement

Just impact the Balance Sheet