Multiple Choice
It is determined that a computer's depreciation expense for the year is $3,500. The journal entry to record this will be:
A) debit Depreciation Expense - computer $3,500; credit Cash $3,500.
B) debit Accumulated Depreciation - computer $3,500; credit Cash $3,500.
C) debit Depreciation Expense - computer $3,500; credit Accumulated Depreciation, $3,500.
D) debit Cash $3,500; credit Depreciation Expense - computer $3,500.
Correct Answer:

Verified
Correct Answer:
Verified
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