When the purchase of a matorial seven-year depreciable asset is recorded by debiling an expense account, which one of the following statoments is correct? OA. ltis a self-correcting emor and no adjustment is necessary. B. Since it affects only the income statement, no adjustment is required. C. If the company uses a rapid depreciation method, the error wil self-comed quickly so no adjustment is necessary. O D. The error will eventually self-correct, but the financial statements will be in error for seven years. Click to select your