The Journal Entry Needed to Record Depreciation on Factory Equipment

question 79

Multiple Choice

The journal entry needed to record depreciation on factory equipment would include a

• A)credit to manufacturing overhead.
• B)debit to work in process inventory.
• C)debit to depreciation expense.
• D)credit to accumulated depreciation.

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Definitions:

Objectively

In a manner that is based on unbiased facts and evidence, without influence from personal feelings or opinions.

Dichotomous Thinking

A cognitive distortion involving seeing things in black and white categories, without recognizing the continuum or grey areas in between.

Selective Abstraction

A cognitive distortion where an individual focuses on a single negative detail or event, often out of context, leading to a skewed perception of reality.

Overgeneralizing

A cognitive distortion where an individual makes broad interpretations from a single or few events, often leading to negative thinking patterns.