Ariel Tax Planning Service Has the Following Plant Assets: Communications

Multiple Choice

Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost,$9,600 with useful life of 8 years;Furniture: Cost,$17,712 with useful life of 12 years;and Computer: Cost,$14,400 with useful life of 4 years.Assume the residual value of all the assets is zero and the straight-line method is used.
Ariel's monthly depreciation journal entry will include a ________.

A) debit to Depreciation Expense of $6,276
B) credit to Depreciation Expense of $6,276
C) debit to Accumulated Depreciation of $523
D) credit to Accumulated Depreciation of $523