When a Company Records Depreciation It Debits

question 99

Multiple Choice

When a company records depreciation it debits:

• A)a liability account and credits Depreciation Expense.
• B)Depreciation Expense and credits Cash.
• C)Depreciation Expense and credits a contra-asset account.
• D)a long-lived tangible asset account and credits Depreciation Expense.

---

Definitions:

Stamina

The ability to sustain prolonged physical or mental effort; endurance.

Efficacy Research

Studies conducted to assess the effectiveness of interventions, treatments, or therapies under controlled conditions.

Helping Profession

Occupations, such as counseling, social work, or psychology, aimed at assisting individuals, families, or communities to improve well-being.

Immediacy

The quality of being immediate or present; in therapy, it refers to the directness and relevance of interactions between therapist and client.