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Real interview technicals across every topic, marked instantly. Every answer explains why, and every assumption is stated.

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  1. Income statement
  2. Cash flow
  3. Balance sheet

Walk me through

Depreciation goes up by £10. Walk it through the three statements.

Step 1 of 3 · Income statement

What happens to net income?

Assumes: Tax rate of 25% (the UK main rate of corporation tax). Tax is paid in cash in the same period. Depreciation is deductible for tax.