Multiple Choice
Which of the following entries records the depreciation on equipment for the fiscal year-end adjustment?
A) Debit Depreciation; credit Depreciation Expense
B) Debit Depreciation Expense; credit Equipment
C) Debit Depreciation Expense; credit Accumulated Depreciation
D) Debit Accumulated Depreciation; credit Depreciation Expense
Correct Answer:
Verified
Correct Answer:
Verified
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