Multiple Choice
On a worksheet, the adjusting entry to account for depreciation of equipment consists of:
A) a debit to Accumulated Depreciation and a credit to Equipment.
B) a debit to Depreciation Expense and a credit to Accumulated Depreciation.
C) a debit to Depreciation Expense and a credit to Equipment.
D) a debit to Accumulated Depreciation and a credit to Depreciation Expense.
Correct Answer:
Verified
Correct Answer:
Verified
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