The Entry to Record Depreciation Includes a Credit To

question 9

Multiple Choice

The entry to record depreciation includes a credit to:

• A)the Depreciation Payable account.
• B)the Cash account.
• C)the Accumulated Depreciation account.
• D)the Depreciation Expense account.

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Definitions:

Special Treatment

Preferred or unique handling of certain situations or transactions under laws or regulations, often seen in tax codes.

Travel Costs

Expenses incurred for the purpose of traveling, including transportation, accommodation, and meals.

Medical Costs

Expenses incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any structure or function of the body.

Calculated

Determined or computed by using mathematical methods or processes to reach a numerical result.