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    kekebrown's Avatar
    kekebrown Posts: 20, Reputation: 0
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    #1

    Sep 12, 2008, 07:04 PM
    The adjusting entry to record the depreciation of equipment for the fiscal period is
    The adjusting entry to record the depreciation of equipment for the fiscal period is

    a. debit Depreciation Expense; credit Equipment
    b. debit Depreciation Expense; credit accumulated depreciation
    c. debit Accumulated Depreciation; credit Depreciation Expense
    d. debit Equipment; credit Depreciation Expense

    I think it is C
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Sep 12, 2008, 09:40 PM
    You always debit the depreciation expense, and credit accum depreciation

    Therefore, answer B
    omar_tobasy's Avatar
    omar_tobasy Posts: 1, Reputation: 1
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    #3

    Aug 10, 2009, 02:58 PM
    The answer is B
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Aug 10, 2009, 04:26 PM
    ..
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