Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.

-Belvedere Company recognized $2,500 of depreciation expense on a delivery van.

Question

Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
 
-Belvedere Company recognized $2,500 of depreciation expense on a delivery van.

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The Answer of Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
 
-Belvedere Company recognized $2,500 of depreciation expense on a delivery van.

Indicate How Each Event Affects the Elements of Financial Statements