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Failure to prepare the adjusting entry for depreciation will result in? assets being overstated and expenses being understated. assets being overstated and expenses being overstated.

Failure to prepare the adjusting entry for depreciation will result in?

assets being overstated and expenses being understated.

assets being overstated and expenses being overstated.

assets being understated and liabilities being overstated.

assets being understated and owner's equity being understated.

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