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A new accountant working for Metcalf Company records $800 Depreciation Expense on store equipment as follows:

Dr. Depreciation Expense 800
Cr. Cash 800

The effect of this entry is to:__________

a. Understand the book of the value of depepreciable assets as of December 31.
b. adjust the accounts to their proper amounts on December 31.
c. understand total assets on the balance sheet as of December 31.
d. overstate the book value of the depreciation assets at December 31,

Sagot :

lamabarisha

Answer:

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