A Company Determines That Depreciation Expense for the Year Is

Multiple Choice

A company determines that depreciation expense for the year is $25 000, 10% of the cost of their non-current assets. The journal entry to record this adjustment would include:

A) a debit to accumulated depreciation expense for $25 000.
B) a credit to accumulated depreciation for $25 000.
C) a debit to depreciation expense for $2 500.
D) a credit to depreciation expense for $2 500.