The Entry to Record Depreciation Expense

question 10

Multiple Choice

The entry to record depreciation expense:

• A)increases a contra asset and decreases net income.
• B)decreases a contra asset and decreases net income.
• C)decreases working capital and decreases net income.
• D)decreases an asset and increases a contra asset.

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Definitions:

Support

Support refers to the provision of physical or emotional assistance to others, contributing to their well-being or relief.

Bone

A hard, dense connective tissue that forms the structure of the skeleton and performs functions such as support, protection, and blood cell production.

Blood Supply

The provision of blood through the circulatory system to different parts of the body, essential for delivering nutrients and oxygen and removing waste products.

Protein Fibers

Long, string-like structures, composed of proteins, that serve various roles in the body, including structural support and movement.