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What effect will the following adjusting journal entry have on the accounting records.

“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

Jun 05 2018 View more View Less

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