The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both the amount and the sign. Use a negative sign when indicating an item in the expense column. If it is a transaction that affects both the income statement and balance sheet, you must indicate the effect on both.

Transaction #6: Dino publishers determines that their one press is becoming obsolete, and determine they need to write-down (i.e. reduce) its book value by $12,000.

To have the answer graded correctly, enter the correct value preceded by a + or - sign (e.g. +350 or -650). For categories that are unaffected enter the value "0" NO SPACES

Cash
Non-cash Assets
=
Liabilities
Contributed Capital
Retained Earnings
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Revenue
Expenses