The adjusting entry to record depreciation includesa. a debit to an expense account.O b. a debit to a liability account.O c. a credit to stockholders' equity account.O d. a debit to an asset account.

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Description: The adjusting entry to record depreciation includesa. a debit to an expense account.O b. a debit to a liability account.O c. a credit to stockholders' equity account.O d. a debit to an asset account.

Depreciation Expenses refers to gradually decrease in the value of assets over the year due to its…

Business

Accounting

The adjusting entry to record depreciation includes O a. a debit to an expense account. b. a debit to a liability account. O c. a credit to stockholders' equity account. O d. a debit to an asset account.

The adjusting entry to record depreciation includes O a. a debit to an expense account. b. a debit to a liability account. O c. a credit to stockholders' equity account. O d. a debit to an asset account.

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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