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

Question

Quizplus · Accepted Answer

The entry to record depreciation involves debiting the Depreciation Expense account and crediting the Accumulated Depreciation account. Depreciation Payable and Cash accounts are not involved in this entry.

The Entry to Record Depreciation Includes a Credit to the ________