Question: If the following adjusting entry is omitted, what effect will it have on net income? Depreciation Expense 5 , 7 0 0 Accumulated Depreciation 5

If the following adjusting entry is omitted, what effect will it have on net income?
Depreciation Expense 5,700
Accumulated Depreciation 5,700
a. It will have no effect on net income.
b. Net income will be overstated by $11,400.
c. Net income will be overstated by $5,700.
d. Net income will be understated by $5,700.

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