Santa Clause fails to make the year-end depreciation journal entries in 2018. What is the effect on assets, liabilities, and equity, respectively ,in the year end balance sheet?

Select one:

a.Correct, Correct, Correct

b.Understated, Understated, Correct

c.Overstated, Correct, Correct

d.Overstated, Correct, Overstated

e.Correct, Understated, Overstated

f.Understated, Correct, Understated

g.Overstated, Overstated, Correct

h.Correct, Overstated, Understated