Question: If the following adjusting entry is omitted, what effect will it have on net income? AccountDebitCreditDepreciation Expense 4 , 4 0 0 Accumulated Depreciation 4

If the following adjusting entry is omitted, what effect will it have on net income?
AccountDebitCreditDepreciation Expense4,400Accumulated Depreciation4,400
a. Net income will be overstated by $4,400.
b. Net income will be overstated by $8,800.
c. Net income will be understated by $4,400.
d. It will have no effect on net income.

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