Reid Company purchased a piece of machinery in 2022. The company depreciates all of its assets using the double-declining balance depreciation method. However, when recording depreciation for 2022, the company accountant made a mistake and calculated depreciation on the machine using the straight-line method.

What is the effect of this error on the company's 2022 net income and on the company's total assets at December 31, 2022?

answer choices :

A. net income is understated and total assets are understated

B. net income is overstated and total assets are not effected

C. net income is not effected and total assets are overstated

D. net income is understated and total assets are not effected

E. net income is overstated and total assets are overstated

F. net income is not effected and total assets are not effected

G. net income is understated and total assets are overstated

H. net income is overstated and total assets are understated

I. net income is not effected and total assets are understated