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Question 6 HinsonCo purchases a $100,000 semi-tractor, how will this affect the Income...

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Accounting

Question 6
HinsonCo purchases a $100,000 semi-tractor, how will this affect the Income Statement for that first year?
Net income will decrease by that year's depreciation amount on the tractor
Net income will only be affected when the tractor generates revenue
Net income will decrease by $100,000.
This will affect the Balance Sheet but never the lncome Statement
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