The McCraw Corporation depreciated its assets by $215,000 during the year.

Determine the effects of such depreciation on the Corporation.

	a.	Assets increase by $215,000 and assets decrease by $215,000.
	b.	Assets decrease by $215,000 and stockholders' equity decreases by $215,000.
	c.	Assets decrease by $215,000 and liabilities decrease by $215,000.
	d.	Liabilities increase by $215,000 and stockholders' equity decreases by $215,000.