The Adjusting Entry to Recognize Periodic Depreciation Expense Has What

question 12

Multiple Choice

The adjusting entry to recognize periodic depreciation expense has what effect on the basic accounting equation?

• A)Decrease in assets,decrease in liabilities
• B)Decrease in assets,increase in liabilities
• C)Decrease in assets,increase in stockholders' equity
• D)Decrease in assets,decrease in stockholders' equity
• E)None of these