If assets are $175,000 and equity is $47,000, then liabilities equal O $47,000 O $128,000 O $175,000 O $204,000 If the value of an Asset increases, the accounts should be updated.( Assume in the normal course of business) O Always true O Sometimes true O Always false O None of the above Depreciation results in Cash outflow O Depends on the value of the asset O Depends on the cash balance Depends on the method of depreciation O Does not affect Cash