A new accountant working for Tamarisk, Inc records $830 Depreciation Expense on store equipment as follows: Cr. Depreciation Expense... Accumulated Depreciation Equipment Dr. 855 855 The effect of this entry is to: overstate the book value of the depreciable assets at December 31. O adjust the accounts to their proper amounts on December 31. understate the book value of the depreciable assets as of December 31. understate total assets on the balance sheet as of December 31