Multiple Choice
A company made the following entry in their books: Dr.Depreciation expense $15,000, Cr.Accumulated depreciation $15,000.What is the event that most likely occurred?
A) The company bought a capital asset.
B) The company sold a capital asset.
C) The company recorded that a portion of the capital asset that had been used during the period.
D) The company adjusted the capital asset to reflect the change in market value.
Correct Answer:
Verified
Correct Answer:
Verified
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