Which Account Is Credited in the Adjusting Entry to Allocate

question 185

Multiple Choice

Which account is credited in the adjusting entry to allocate the cost of equipment?

• A) Equipment Expense
• B) Depreciation Expense
• C) Accumulated Equipment
• D) Accumulated Depreciation

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Definitions:

Conjuncts

Elements combined within a conjunction in logic, each of which is true for the whole to be true.

Disjuncts

Components of a disjunction (an "or" statement) that represent alternative statements or clauses, where if one is true, the others do not have to be.

Antecedents

Factors or events that precede and potentially influence the outcome of a subsequent event or condition.

Consequents

The outcomes or results that logically follow from a given condition or premise.