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

For each account listed below, indicate in which Financial Statement (Income Statement or Balance Sheet) cach 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 Equipment Accumulated Depreciation Gain on Disposal of Equipment Loss on Disposal of Equipment

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