Depreciation of $26,400 relating to equipment used 100% for instruction at a private college should be recorded as a:BDDebit to Instruction ExpenseDebit to Accumulated DepreciationDebit to Depreciation ExpenseDebit to Equipment

Depreciation is the reduction in the value of an asset due to usage, wear and tear or…

Depreciation of $26,400 relating to equipment used 100% for instruction at a private college should be recorded as a: A) Debit to Instruction Expense B Debit to Accumulated Depreciation Debit to Depreciation Expense Debit to Equipment

Depreciation of $26,400 relating to equipment used 100% for instruction at a private college should be recorded as a: A) Debit to Instruction Expense B Debit to Accumulated Depreciation Debit to Depreciation Expense Debit to Equipment

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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Question

Depreciation of $26,400 relating to equipment used 100% for instruction at a private college should be recorded as a:
B
D
Debit to Instruction Expense
Debit to Accumulated Depreciation
Debit to Depreciation Expense
Debit to Equipment

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