15. A company encountered $196,000 of depreciation on factory equipment. What is the journal entry to record this transaction? A. Dr. Depreciation expense B. Dr. MOH C. Dr. Depreciation expenses D. Dr. WIP $196,000 Cr. Accumulated depreciation Dr. Accumulated depreciation $196,000 $196,000 Dr. MOH $196,000 Cr. Accumulated depreciation $196,000 $196,000 $196,000 $196,000

15. A company encountered $196,000 of depreciation on factory equipment. What is the journal entry to record this transaction? A. Dr. Depreciation expense B. Dr. MOH C. Dr. Depreciation expenses D. Dr. WIP $196,000 Cr. Accumulated depreciation Dr. Accumulated depreciation $196,000 $196,000 Dr. MOH $196,000 Cr. Accumulated depreciation $196,000 $196,000 $196,000 $196,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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