Which of the following does not result in an outflow of cash?(A) Depreciation(B) Loss on sale of fixed assets(C) Purchase of fixed assets(D) Goodwill written offChoose the correct answer from the options given below:

Let's analyze each item to verify its effect on actual cash flow:(A) Depreciation: This is a non-cash operating expense. It reduces net profit but does not involve any actual outflow of cash.(B) Loss on sale of fixed assets: This is an accounting loss adjusting the book value of the asset, but it does not represent an actual movement or outflow of cash.(C) Purchase of fixed assets: This requires an actual expenditure of cash, resulting in a cash outflow from investing activities.(D) Goodwill written off: This is an internal accounting write-down of an intangible asset and does not involve any cash outflow.Therefore, (A), (B), and (D) do not result in an outflow of cash.