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Anticipated depreciation for 2017 should be an entry on which of the following statements? A. 2017 Pro Forma Income Stat...

Anticipated depreciation for 2017 should be an entry on which of the following statements?

A. 2017 Pro Forma Income Statement

B. 2017 Schedule of Cash Receipts

C. 2017 Schedule of Cash Disbursements

D. only A and B

E. only A and C

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Answer #1

Answer is option A - 2017 Pro Forma Income Statement

Depreciation is an expense which is reported on the income statement of the company. It is neither a Cash receipt nor Cash disbursement. Hence option B and C are wrong and Option A is correct.

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