Identify the journal entry required to correctly record each of the following transactions.
-Depreciation expense on motor vehicles for the year incurred.
A. DR Motor vehicles $\quad $ CR Accumulated depreciation

B. DR Accumulated depreciation $\quad $CR Depreciation expense $\quad $
C. DR Depreciation expense $\quad $CR Motor vehicles
D. DR Depreciation expense $\quad $ $\mathrm { CR }$ Accumulated depreciation

Question

Identify the journal entry required to correctly record each of the following transactions.
-Depreciation expense on motor vehicles for the year incurred.
A. DR Motor vehicles  $\quad $ CR Accumulated depreciation

B. DR Accumulated depreciation $\quad $CR Depreciation expense  $\quad $
C. DR Depreciation expense $\quad $CR Motor vehicles  
D. DR Depreciation expense  $\quad $ $\mathrm { CR }$ Accumulated depreciation

Quizplus · Accepted Answer

The Answer of Identify the journal entry required to correctly record each of the following transactions.
-Depreciation expense on motor vehicles for the year incurred.
A. DR Motor vehicles  $\quad $ CR Accumulated depreciation

B. DR Accumulated depreciation $\quad $CR Depreciation expense  $\quad $
C. DR Depreciation expense $\quad $CR Motor vehicles  
D. DR Depreciation expense  $\quad $ $\mathrm { CR }$ Accumulated depreciation

Identify the Journal Entry Required to Correctly Record Each of the Following