The Journal Entry Required to Recognise Depreciation on a Drilling $\quad$

Multiple Choice

The journal entry required to recognise depreciation on a drilling rig that is being used in the exploration phase of a mining project is:

A) DR $\quad$ Depreciation expense - drilling rig $\quad$$\quad$ XX
CR $\quad$ Accumulated depreciation - drilling rig $\quad$ XX
B) DR $\quad$ Intangible E&E asset $\quad$$\quad$$\quad$ XX
CR $\quad$ Accumulated depreciation - drilling rig $\quad$ XX
C) DR $\quad$ Depreciation expense-drilling rig $\quad$ XX
CR $\quad$ Intangible E&E asset $\quad$$\quad$$\quad$ XX
D) DR $\quad$ Intangible E&E asset $\quad$$\quad$$\quad$ XX
CR $\quad$ Depreciation expense - drilling rig $\quad$ XX