Question: What effect does the entry that recognizes depreciation have on the balance sheet equation? Question 1 options: decrease in assets; decrease in owners' equity decrease

What effect does the entry that recognizes depreciation have on the balance sheet equation?

Question 1 options:

decrease in assets; decrease in owners' equity

decrease in assets; increase in owners' equity

decrease in assets; increase in liabilities

decrease in assets; decrease in liabilities

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