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What are the financial Statement affects of recording depreciation? Group of answer choices current assets...

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Accounting

What are the financial Statement affects of recording depreciation?

Group of answer choices

current assets increase, long-term liabilities decrease, income increases

current assets decreases, long-term liabilities increase, income decreases

long-term assets increase, earned capital increases, income increases

long-term assets decrease, earned capital decreases, income decreases

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