The Adjusting Entry to Record Depreciation for the Company Automobile

question 77

Multiple Choice

The adjusting entry to record depreciation for the company automobile would be:

• A) debit Cash; credit Accumulated Depreciation, Automobile.
• B) debit Accumulated Depreciation, Automobile; credit Automobile.
• C) debit Depreciation Expense, Automobile; credit Accumulated Depreciation, Automobile.
• D) debit Depreciation Expense, Automobile; credit Automobile.

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Definitions:

Models

Representations, often simplified or idealized, used to explain, predict, or simulate complex systems or behaviors.

Real-world Concerns

Issues or problems that affect individuals, communities, or societies in practical, everyday life rather than theoretical contexts.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a behavior makes the behavior more likely to occur in the future.

Punishment

A consequence that follows an undesirable behavior, with the intention of decreasing or eliminating that behavior.