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At the end of the quarter, a company did an adjusting entry to record $5,000 of depreciation on the fleet of automobiles used by the

At the end of the quarter, a company did an adjusting entry to record $5,000 of depreciation on the fleet of automobiles used by the sales force.

Which of the following items would be increased by this depreciation adjusting entry? (Check all that apply)

  • Cash from Operations
  • Total Liabilities
  • Total Assets
  • Accumulated Depreciation
  • SG&A Expense

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