The Correct Entry to Record the Annual Depreciation Expense for a Long-Term

question 61

Multiple Choice

The correct entry to record the annual depreciation expense for a long-term asset is

• A)Dr.Accumulated depreciation.
• B)Dr.Depreciation expense,Cr.Accumulated depreciation.
• C)Dr.Accumulated depreciation,Cr.Long-Term asset.
• D)Dr.Depreciation expense,Cr.Long-Term asset.

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Definitions:

Personal Jurisdiction

The legal authority of a court over the parties to a lawsuit, based on their geographic or other relevant connections to the location where the court sits.

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The procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party (such as a defendant), court, or administrative body, thus allowing them to respond to the proceeding.

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