The Adjusting Entry to Record the Depreciation of Equipment for the Fiscal

question 74

Multiple Choice

The adjusting entry to record the depreciation of equipment for the fiscal period is

• A) debit Depreciation Expense; credit Equipment
• B) debit Depreciation Expense; credit Accumulated Depreciation
• C) debit Accumulated Depreciation; credit Depreciation Expense
• D) debit Equipment; credit Depreciation Expense