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 don't 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.