On December 31,2009,a company forgot to record $7,000 of depreciation on office equipment.What would be the effect on the assets,net income and equity when it comes to the 2009 financial statements?

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The Answer of On December 31,2009,a company forgot to record $7,000 of depreciation on office equipment.What would be the effect on the assets,net income and equity when it comes to the 2009 financial statements?

On December 31,2009,a Company Forgot to Record $7,000 of Depreciation