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When writing general journal entries for Depreciation of equipment, how are assets, liabilities and equity affected? ..........................................................................................Debit ...........Credit .......Effect on Balance sheet example: 31/Jan.... Depreciation

When writing general journal entries for Depreciation of equipment, how are assets, liabilities and equity affected?

..........................................................................................Debit ...........Credit .......Effect on Balance sheet example: 31/Jan.... Depreciation Expense, Equipment ....7875....................................... ?

................................Accumulated Depreciation, Equipment .................7875................. ?

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