5. Long-lived assets are purchased by a nongovernmental not-for-profit entity with cash that was restricted for that purpose. The assets are reported in temporarily restricted net assets. Depreciation expense is reported in unrestricted net assets.

a The depreciation expense is incorrectly reported.

b An amount equal to the depreciation is reclassified from temporarily restricted to unrestricted net assets.

c An amount equal to the depreciation is reclassified from unrestricted to temporarily restricted net assets.

d An amount equal to the depreciation is reported as revenues.