T F 11. The recognition of depreciation expense has no impact on cash flow. T F 12. At the end of the year, you record depreciation expense of $25,400, which decreases owner's equity and decreases assets. T F 13. To increase an expense account, a credit entry is required. T F 14. Benford's law holds that the first digit of amounts in a list will start with a 9 around 5% of the time