1ph Question 23 At the beginning of Year 1. ABC Company purchased a piece of equipment for $900 This equipment was expected to t6 years at which time ABC hoped to sell the equipment for $300. At the beginning of Year 7, ABC Company sold the for $200. ABC Company uses the straight line deprecation method When the Year 1 Depreciation Expense is recognized. Total Assets will O decrease by $500 O nase by $100. Oremain the se O change by more than $100 Previous esc " 1 . " $ 1 2 3 4 . M N 5 x A ar 6 7 B 9 0 Q W E R T Y U ' tab A caps lock . shift D F G H J S x N fn option control command C > K B N M