Required Dniscoil industies recognized the annual cost of depreciabor on as December 31, year 2. financial statements. Using the following fiocizontal financial statements model, indicate how this event atfecied the compary's GAAP based financlal statements under the following two as sumpticns: (5) the depreciation was on oftice furniture and (2) the depreciation was on manufacturing equipment. Indicate whether the event increases, decreases, or has no effect fleave blanh on each elemeat of the financial statements. Show accumulated depreciation as a decrease in the book value of the appropriate asset account