A new accountant working for Brady Company records $700 Depreciation Expense on store equipment as follows: Dr. Depreciation Expense 700 Cr. Cash. 700 The effect of this entry is to Select one: O a. understate the book value of the depreciable assets as of December 31 b. adjust the accounts to their proper amounts on 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