Question: How does the adjusting entry to record depreciation affect assets, liabilities, and equity? Assets Liabilities Equity Decrease Increase No Effect Assets Liabilities Equity Decrease No

How does the adjusting entry to record depreciation affect assets, liabilities, and equity? Assets Liabilities Equity Decrease Increase No Effect Assets Liabilities Equity Decrease No Effect Decrease O Assets Liabilities Equity Increase No Effect Increase Assets Liabilities Equity No Effect Increase: Assets Liabilities No Effect No Effect Decrease Equity No Effect

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