Which of the Following Applies to Both the Depreciation Expense

question 121

Multiple Choice

Which of the following applies to both the depreciation expense account and the accumulated depreciation account at the end of the first year of operations?

• A) They are closed.
• B) They appear in a trial balance prepared prior to the adjusting and closing entries.
• C) They are not closed at the end of the accounting period.
• D) They appear in a trial balance prepared after the adjusting entries but before the closing entries.

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Definitions:

Growing Interest

An increasing amount of attention or concern towards a specific subject or activity.

Retribution

A principle of justice where the punishment of wrongdoers is proportionate to the harm they have caused.

Incapacitation

A criminal justice philosophy aiming to prevent crime by detaining or restricting the movements of offenders to protect society.

Three-strikes

A legal principle mandating harsher sentences for repeat offenders, typically after three serious crimes.