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The Adjusting Entry to Record the Depreciation of a Building

Question 120

Multiple Choice

The adjusting entry to record the depreciation of a building for the fiscal period is


A) debit Depreciation Expense; credit Building
B) debit Depreciation Expense; credit Accumulated Depreciation
C) debit Accumulated Depreciation; credit Depreciation Expense
D) debit Building; credit Depreciation Expense

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