Question: 2 practice # 25 What is the effect on the financial statements of recording depreciation on equipment? A. Net income and assets are decreased, but

2 practice # 25 2 practice # 25 What is the effect on the financial statements

What is the effect on the financial statements of recording depreciation on equipment? A. Net income and assets are decreased, but stockholders' equity is not affected. B. Assets are decreased, but net income and stockholders' equity are not affected C. Net income, assets, and stockholders' equity are all decreased. D. Net income is not affected, but assets and stockholders' equity are decreased

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