InstaChat Company records usage of its $1,000,000 equipment (i.e., it records depreciation). Assume it "used up" one-fifth of the equipment's usefulness. This increases expenses $200,000 and decreases assets $200,000 increases assets $200,000 and increases liabilities $200,000 decreases assets $200,000 and decreases liabilities $200,000 increases expenses $200,000 and decreases liabilities $200,000 is not a recordable transaction