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70. Magic Corp. purchased newchofthena during the year but neglected to record depreciation whisthe Accumulated Retained Depreciation Depreciation Earnings a. Understated Overstated Understated b. Understated

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70. Magic Corp. purchased newchofthena during the year but neglected to record depreciation whisthe Accumulated Retained Depreciation Depreciation Earnings a. Understated Overstated Understated b. Understated No effect Overstated c. Overstated Understated Understated d. Overstated No effect Overstated e. Overstated Understated Overstated Expense

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