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A company records $9.50 depreciation expense. Which of the following describes the effect on the balance sheet? Group of answer choices Assets increase $9.50 and
A company records $9.50 depreciation expense. Which of the following describes the effect on the balance sheet?
Group of answer choices
Assets increase $9.50 and Equity increases $9.50.
Assets increase $9.50 and Liabilities increase $9.50.
Liabilities increase $9.50 and Equity decreases $9.50.
Assets decrease $9.50 and Equity decreases $9.50.
Assets decrease $10,000 and Liabilities decrease $10,000.
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