Question 10 (1 point) Remsen, Inc. purchased equipment that cost $48,000. The equipment had a useful life of 5 years and a $5,000 salvage value. Remsen used the double-declining- balance method to depreciate its assets. Which of the following choices accurately reflects how the recognition of the first year's depreciation would affect the company's financial statements? Assets 1 Liab. + Equity Rev. Exp. . Net Inc. Cash Flow A) (10,800) NA + (10,800) NA - 10.800 (10,800) (10.800) OA B) + (5.000) - NA (5,000) NA 5.000 (5.000) NA C) (19.200) NA + (19.200) NA 19.200 - (19.200) (19.200) OA D) (19.200) 1 NA + (19.200) NA - 19.200 (19.200) NA 1) Choice A 2) Choice B 3) Choice C 4) Choice D