Depreciation charged at the end of the accounting period is what type of entry?

Name: Depreciation charged at the end of the accounting period is what type of entry?
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Question

Quizplus · Accepted Answer

Depreciation is a non-cash expense that needs to be recognized in the accounting records. An adjusting entry is made at the end of the accounting period to record this expense and allocate it over the useful life of the asset. Therefore, the correct answer is C) Adjusting entry.

Depreciation Charged at the End of the Accounting Period Is