Which of the following entries will be necessary to close the appropriate depreciation account at the end of the year?
A)Debit Income summary and credit Depreciation expense
B)Debit Income summary and credit Accumulated depreciation
C)Debit Accumulated depreciation and credit Income summary
D)Debit Depreciation expense and credit Income summary

Question

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The Answer of Which of the following entries will be necessary to close the appropriate depreciation account at the end of the year?
A)Debit Income summary and credit Depreciation expense
B)Debit Income summary and credit Accumulated depreciation
C)Debit Accumulated depreciation and credit Income summary
D)Debit Depreciation expense and credit Income summary

Which of the Following Entries Will Be Necessary to Close