On January 1, Year 2, Ruiz Company spent $850 on a plant asset to improve its quality. Which of the following correctly shows the effects of the Year 2 expenditure on the elements of the financial statements? Assets=EquityRev.?Exp.=Net Inc.Cash Flow Cash+Equip?Ac.Dep= ? = A.(850)+850?NA=NANA?NA=NA(850) IAB.(850)+850?NA=NANA?NA=NA(850) OAC.(850)+NA?(850)=NANA?NA=NA(850) IAD.(850)+NA?NA=(850)NA?850=(850)(850) OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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