26 Not yet answered Marked out of 1.00 A new accountant working for Brady Company records $700 Depreciation Expense on store equipment as follows: Dr. Depreciation Expense Cr. Cash...... 700 Flag question The effect of this entry is to 700 Select one: a. adjust the accounts to their proper amounts on December 31. b. understate the book value of the depreciable assets as of December 31 c. understate total assets on the balance sheet as of December 31. d. overstate the book value of the depreciable assets at December 31