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. Recording the adjusting entry for depreciation has the same effect as recording the adjusting entry for A. Unearned revenue B. Prepaid expense *correct C.

. Recording the adjusting entry for depreciation has the same effect as recording the adjusting entry for

A. Unearned revenue

B. Prepaid expense *correct

C. Accrued revenue

D. Accrued expense

Please explain why B is correct

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