Last year Aft charged $5,040,000 Depreciation on the Income Statement of Andrews.

Last year Aft charged $5,040,000 Depreciation on the Income Statement of Andrews. If Aft sold a fully depreciated piece of equipment at a loss, the effect on Andrews’s financial statements would be (all other items remaining equal):

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•  No impact on Net Cash from operations

•  Decrease Net Cash from operations on the Cash Flow Statement

•  Just impact the Balance Sheet

•  Increase Net Cash from operations