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.

---

Definitions:

Marginal Utility

The extra pleasure or benefit obtained from consuming an additional unit of a product or service.

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods and services.

Marginal Utility

The change in total satisfaction or pleasure derived from consuming one more unit of a good or service.

Total Utility

The overall satisfaction or benefit a customer receives from consuming a particular good or service.