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The Accountant for Herald Company forgot to make an adjusting entry to record depreciation expense...

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Accounting

The Accountant for Herald Company forgot to make an adjusting entry to record depreciation expense for the year. The effect of this error would be:

a) An overtstatement of equity and an undertstatement of assets.

b) An understatement of equity and an overstatement of assets.

c) An understatement of equity and assets.

d) An overstatement of equity and assets.

e) None of the above

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