The Accounting Entry for Additions and Improvements That Increase the Usefulness

Multiple Choice

The accounting entry for additions and improvements that increase the usefulness of equipment includes

A) debiting a liability account and crediting Building or Equipment.
B) debiting Cash and crediting Building or Equipment.
C) debiting Building or Equipment and crediting Cash or a liability account.
D) debiting Building Expense or Equipment Expense and crediting Cash or a liability account.