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Required Driscoli industries recognized the annual cost of depreciation on its December 31 , year 2 , firlanclal statements. Using the following borizontal financial statements

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Required Driscoli industries recognized the annual cost of depreciation on its December 31 , year 2 , firlanclal statements. Using the following borizontal financial statements model indicate how this event affected the company's GAaP. based financial statements under the following two assumptions: (f) the depreciation was on office furniture and (2) the depreciation was on manufactuing equipnent. Indicate whether the event increases, decreases, or has no effect (feave blank on each element of the financial statements, Show accumulated depreclation as a decreose in the book value of the appropriate asset account

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