Again, I'm not the one to ask, but I'm 'butting in' anyways.   😁

No.

The money that a shareholder puts money into the corporation is either a Capital Contribution, or if there are loan documents, a Loan.

Profit and Loss affect Retained Earnings.  So as I mentioned above, claiming $20,000 of depreciation would reduce Retained Earnings

So if we ignore all other income and expenses, in your example above, the top half of the Balance Sheet would have have $80,000 of assets ($100,000 minus $20,000 of accumulated depreciation).  The bottom half would have $100,000 of Capital Contributions, and negative $20,000 of Retained Earnings (a loss due to the depreciation taken).  So it would balance.

Again, I hope somebody can confirm or correct me.   😀