Business records year-end adjustment of $20,000 for using up long-term fixed assets during the period. Which of the following correctly describes the impact this transaction has on the accounting equation? Select one: O Increase EQUIPMENT and decrease CASH O Increase DEPRECIATION EXPENSE and decrease CASH O Increase EQUIPMENT EXPENSE and increase ACCUMULATED DEPRECIATION O Increase EQUIPMENT and increase ACCUMULATED DEPRECIATION O Increase DEPRECIATION EXPENSE and increase ACCUMULATED DEPRECIATION Clear my choice