The Estimated Amount of Depreciation on Office Equipment for the Current

Multiple Choice

The estimated amount of depreciation on office equipment for the current year is $3,500. The correct adjusting entry to record this depreciation is

A) debit Depreciation Expense, $3,500; credit Office Equipment, $3,500
B) debit Accumulated Depreciation-Office Equipment, $3,500; credit Office Equipment, $3,500
C) debit Depreciation Expense, $3,500; credit Accumulated Depreciation-Office Equipment, $3,500
D) debit Office Equipment, $3,500; credit Depreciation Expense, $3,500