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

Question

Quizplus · Accepted Answer

Depreciation is an expense, and expenses are recorded with a debit to the expense account. Therefore, the correct entry to record depreciation is a debit to the Depreciation Expense account. The Accumulated Depreciation account is credited to reflect the amount of depreciation that has accrued over time. The Equipment account and Cash account are not affected by the depreciation entry.

The Entry to Record Depreciation Includes a Debit to the ________