Hudson Company incurred $50,000 of depreciation expense on factory equipment and $20,000 for a copy machine located in the sales manager's office. The journal entry to record this should be:
A) Debit Depreciation expense $70,000 and credit accumulated depreciation $70,000
B) Debit depreciation expense $20,000; debit manufacturing overhead $50,000 and credit accumulated depreciation $70,000
C) Debit manufacturing overhead $70,000, credit depreciation expense $20,000 and credit overhead allocated $50,000
D) Debit Manufacturing Overhead $70,000 and credit accumulated depreciation $70,000
Correct Answer:
Verified
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