For each account listed below, indicate in which Financial Statement (Income Statement or Balance Sheet) each would appear in and indicate its effect (increase or decrease) on net income, if any If no effect, enter none Account Financial Statement Effect on Net Income Depreciation Expense Blank 1 Blank 2 Equipment Blank 3 Blank 4 Accumulated Depreciation Blank 5 Blank 6 Gain on Disposal of Equipment Blank 7 Blank 8 Loss on Disposal of Equipment Blank 9 Blank 10

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Question: For each account listed below, indicate in which Financial Statement (Income Statement or Balance Sheet) each would appear in and indicate its effect (increase or

For each account listed below, indicate in which Financial Statement (Income Statement or Balance Sheet) each would appear in and indicate its effect (increase or decrease) on net income, if any. If no effect, enter none.

Account	Financial Statement	Effect on Net Income
Depreciation Expense	Blank 1	Blank 2
Equipment	Blank 3	Blank 4
Accumulated Depreciation	Blank 5	Blank 6
Gain on Disposal of Equipment	Blank 7	Blank 8
Loss on Disposal of Equipment	Blank 9	Blank 10

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