Question: What effect will the following adjusting journal entry have on the accounting records? Depreciation Expense 1,070 Accumulated Depreciation 1,070 Question 22 options: 1) Increase net

What effect will the following adjusting journal entry have on the accounting records? Depreciation Expense 1,070 Accumulated Depreciation 1,070 Question 22 options: 1) Increase net income 2) Increase revenues 3) Decrease expenses 4) Decrease net book value

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