A new accountant working for the Swifty's store incorrectly records $890 Depreciation Expense on store equipment on December 31 as follows:

Dr.Depreciation Expense 890

Cr. Cash 890

The effect of this entry is to

A

understate the carrying amount of the long-lived assets as of December 31.

B

understate total assets on the balance sheet as of December 31.

C

overstate the carrying amount of the long-lived assets at December 31.

D

adjust the accounts to their proper amounts on December 31