Question 21 4 p! Mod 12.6a: Assume that on January 1, X1, Company W paid $10,000 cash to purchase a new piece of equipment that it estimates will have a 10 year useful life and a $4,000 salvage. What is the NET effect that the January 1, X1 purchase will have on Company W's balance sheet equation below? Assets: No NET effecLiabilities: No NET effect, Equity: No NET effect Assets: DECREASE $10,000. Liabilities. No NET effect, Equity: DECREASE $10,000 Assets: DECREASE $4.000. Liabilities: INCREASE $4.000, Equity: No NET effect Assets: INCREASE $10.000. Liabilities: INCREASE $10,000, Equity: No NET effect