EFG Transportation Company uses the straight-line method to depreciate its delivery truck. Which of the following reflects how recognizing depreciation expense would affect the elements of the financial statements?
Assets=Liab.+Stk.EquityRev.−Exp.=Net Inc.Stmt of CashFlows
1.+ − NA NANA NA NANA
2.+ − NA NANA + −− OA
3.− NA −NA + −NA
4.+ + NANA NA NA− OA
a. Option 1
b. Option 2
c. Option 3
d. Option 4