The journal entry to record depreciation expense for equipment is:

Question

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The journal entry to record depreciation expense for equipment involves debiting Depreciation Expense - Equipment (an expense account) and crediting Accumulated Depreciation - Equipment (a contra-asset account used to accumulate the total depreciation expenses of an asset). Option A is incorrect because it credits the equipment account directly, which is not correct because it reduces the value of equipment, but does not properly account for the depreciation expense. Option B is incorrect because it debits the Accumulated Depreciation - Equipment account, which already has a balance, rather than debiting Depreciation Expense - Equipment. Option C is incorrect because it debits equipment, which is not correct because the equipment account should not be affected every time the company records depreciation expense.

The Journal Entry to Record Depreciation Expense for Equipment Is