If Hot Bagel Co

question 125

Multiple Choice

If Hot Bagel Co.estimates depreciation on an automobile to be $578 for the year,the company should make the following adjusting entry:

• A)Debit Accumulated Depreciation $578 and credit Depreciation Expense $578.
• B)Debit Depreciation Expense $578 and credit Automobile $578.
• C)Debit Depreciation Expense $578 and credit Accumulated Depreciation $578.
• D)Debit Automobile $578 and credit Depreciation Expense $578.

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