If the Adjusting Entry for Depreciation Is Not Made

question 45

Multiple Choice

If the adjusting entry for depreciation is not made,

• A) assets will be understated.
• B) equity will be understated.
• C) net income will be understated.
• D) expenses will be understated.

---

Definitions:

Management

The organization and coordination of activities to achieve defined objectives, typically within businesses or projects.

Quantity Supplied

The amount of a product or service that producers are willing and able to sell at a given price over a certain period of time.

Supply

Represents the total amount of a product or service available to consumers in a market at any given time.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.