Which of the following is a true statement about the nature of Equipment, account? Multiple Choice While equipment is an asset, its use (depreciation) is an expense. While equipment is an asset, its use (depreciation) is a liability. While equipment is an asset, its use (depreciation) affects contributed capital. Equipment and its use (depreciation) are both liabilities. @ F2 +4 F3 F4 F5 $ Search Pr F6 + F7 F8