15. Cara, Inc. purchased a building on January 1, 2019 for $700,000. The useful life of the building is 10 years. The asset is reported on the December 31,2019 statement of financial position at $630,000. What was the impact of the adjusting entry recorded by Cara, inc? Select one: a. Decrease Equity $70,000. b. All of the choices are correct regarding the impact of Cara, Inc: s adjusting entry at December 31,2019 . c. Increase Assets $70,000. d. Increase Liabilities $70,000