When Recording an Adjustment for the Use of Equipment During

question 132

Multiple Choice

When recording an adjustment for the use of equipment during the current accounting period,which two accounts are affected?

• A)Accumulated Depreciation and Depreciation Expense
• B)Equipment and Depreciation Expense
• C)Accumulated Depreciation and Equipment
• D)Revenue and Equipment

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Definitions:

Oldest Unit

This term refers to the earliest or most ancient geological formation or stratum in a given sequence.

Canyon Feature

A deep gorge, usually with a river flowing through it, formed by long-term erosion from water activity.

Lava Flow

The movement of molten rock that emerges from a volcano or fissure onto the Earth's surface, where it solidifies as it cools.

Dike Unit

It is a geological structure consisting of a major vertical or steeply-dipping sheet-like body of intruded igneous rock that cuts through older rocks.