if the estimated depreciation for office equipment were $42,000, what would the adjusting entry contain?

I thought u would credit Depreciation Expense, Office Equipment for 42000, but i dont know if that is right????

the other choices are

you could credit to accumulated depreciation, office equip for 42000

credit to office equip. for 42000

or debit to accumulated depreciation, office equip. for 42000.

CaptainForest

you would:

Dr. Depreciation Expense 42,000
Cr. Accumulate Depreciation 42,000

Sunshine21

Thanks! I actually looked over it again this morning and realized that you would credit the Accumulated Depreciation Expense, Office Equipment!