Which of the Following Entries Will Be Necessary to Close

question 151

Multiple Choice

Which of the following entries will be necessary to close the appropriate depreciation account at the end of the year?

• A)Debit Accumulated Depreciation and credit Income Summary
• B)Debit Depreciation Expense and credit Income Summary
• C)Debit Income Summary and credit Accumulated Depreciation
• D)Debit Income Summary and credit Depreciation Expense