Annual Depreciation on Equipment at Charmed,Inc

question 145

Multiple Choice

Annual depreciation on equipment at Charmed,Inc.is $1,200.The adjusting entry to record one month's worth of depreciation would be:

• A)Debit Depreciation Expense $100,credit Cash $100
• B)Debit Depreciation Expense $100,credit Accumulated Depreciation $100
• C)Debit Depreciation Expense $1,200,credit Cash $1,200
• D)Debit Depreciation Expense $1,200,credit Accumulated Depreciation $1,200

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