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Depreciation on Equipment Was Recorded Twice This Period

Question 39

Multiple Choice

Depreciation on equipment was recorded twice this period. This would cause:


A) expenses to be overstated and total assets to be overstated.
B) expenses to be overstated and total assets to be understated.
C) expenses to be understated and total assets to be overstated.
D) expenses to be understated and total assets to be understated.

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