To record depreciation on factory equipment,the needed journal entry would include a

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Depreciation is the allocation of the cost of an asset over its useful life. Accumulated Depreciation account is used to record the total amount of depreciation expense accumulated over time for each asset. Therefore, the journal entry for recording depreciation of factory equipment would include a credit to Accumulated Depreciation account to reflect the increase in the total amount of depreciation expense accumulated for the equipment.

To Record Depreciation on Factory Equipment,the Needed Journal Entry Would