The reconciling entry for depreciation expense in a worksheet is a credit to Accumulated Depreciation and a debit to Operating-Depreciation Expense.

Question

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This is the correct reconciling entry for depreciation expense. It reflects the decrease in the value of an asset (debit to Operating-Depreciation Expense) and the corresponding increase in the amount of the asset that has been depreciated over time (credit to Accumulated Depreciation).

The Reconciling Entry for Depreciation Expense in a Worksheet Is