Depreciation is a cash outflow that should be considered when evaluating capital investments. True or false?

False.

Depreciation is not a cashflow, it is an accounting concept; it would be considered only in the tax computation of the investment appraisal, from and tax benefit point of view.

False as it is a non cash expense.

The given statement is true

depreciation should not be considered when evaluating investment because depreciation is irrelevant cost and therefore only relevant cost should be considered..therefore the statement is false..

The answer is false.

Depreciation is NOT a cash flow. Depreciation can be deducted for tax purposes resulting in a tax savings and reducing the cash outflow  for taxes.