Adjusting Entries: Depreciation Video Lessons

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Problem: What is the adjusting entry to record depreciation on an equipment? a. Debit Depreciation Expense and Credit Equipment b. Debit Equipment and Credit Depreciation Expense c. Debit Depreciation Expense and Credit Accumulated Depreciation d. Debit Accumulated Depreciation and Credit Depreciation Expense  

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Problem Details

What is the adjusting entry to record depreciation on an equipment?

a. Debit Depreciation Expense and Credit Equipment

b. Debit Equipment and Credit Depreciation Expense

c. Debit Depreciation Expense and Credit Accumulated Depreciation

d. Debit Accumulated Depreciation and Credit Depreciation Expense

 

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