Which Account Is Credited in the Adjusting Entry to Allocate

question 69

Multiple Choice

Which account is credited in the adjusting entry to allocate the cost of equipment?

• A)Equipment Expense
• B)Depreciation Expense-Equipment
• C)Accumulated Equipment
• D)Accumulated Depreciation-Equipment

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and underestimate situational factors when explaining others' behavior.

Empathy

The ability to understand and share the feelings of another person from their perspective.

Cognitive Component

involves the thoughts, beliefs, and knowledge a person has about a situation, object, or concept.

A-B-C Model

A framework in psychology that describes the relationships between an Antecedent (A), Behavior (B), and Consequence (C).