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It Is Determined That a Computer's Depreciation Expense for the Year

Question 144

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:

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