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
B
You might also like to view...
Effective negotiators are thoughtful about the distinction between issues of personal values and principles, where firmness is essential, and other issues where compromise or accommodation is the best route to a mutually acceptable outcome.
Answer the following statement true (T) or false (F)
Many product-dominant firms use quality service
A. to support a standards gap. B. to maintain a sustainable competitive advantage. C. as a way to minimize the cost of production. D. as a way to increase the perishability of their products. E. to install a voice of the customer program.
The firm's statement of retained earnings reports changes in:?
A. ?the amount of dividends paid. B. ?the common equity accounts. C. ?the interest on debt account. D. ?the amount of net income. E. ?the amount of depreciation.
Which of the following statements is true?
A) Air cargo should be used for fast service over short distances. B) Railways are best at moving small volumes of bulky goods over short distances. C) Road transport is the least flexible of all the modes. D) All of the above are true. E) None of the above is true.