The entry to record depreciation includes a debit to the ________ account.
A) Equipment
B) Cash
C) Accumulated Depreciation
D) Depreciation Expense

Question

Quizplus · Accepted Answer

Depreciation expenses are recorded as an expense in the income statement and are debited to the depreciation expense account. This account is then credited to the accumulated depreciation account, which is a contra asset account. The accumulated depreciation account is used to track the total amount of depreciation taken on an asset.

The Entry to Record Depreciation Includes a Debit to the ________