ABC Company failed to make the appropriate year-end adjusting entry to record depreciation. How will this error impact the financial statements of ABC Company?

a.Group of answer choices

b.expenses will be overstated

c.assets will be understated

d.revenues will be overstated

e.net income will be understated

f.equity will be overstated

g.more than one of the above choices is correct

h.none of the above choices are correct