Current Attempt in Progress A new accountant working for Bramble Company records $$1070$ Depreciation Expense on store equipment as follows: Dr$.$ Depreciation Expense Cr$.$ Cash $10701070$ The effect of this entry is to $$ overstate the book value of the depreciable assets at December $31.$ understate the book value of the depreciable assets as of December $31.$ adjust the accounts to their proper amounts on December $31.$ understate total assets on the balance sheet as of December $31.$