Question
A journal entry that debits Depreciation expense and credits Accumulated depreciation records Blank______.
Multiple choice question.
depreciation on factory machinery
depreciation on office equipment
depreciation on the factory building
the sale of office equipment
Multiple choice question.
depreciation on factory machinery
depreciation on office equipment
depreciation on the factory building
the sale of office equipment
Answers
GPT-4o mini
The correct answer is: **depreciation on factory machinery**.
This type of journal entry is typically used to record the depreciation expense associated with fixed assets such as machinery, equipment, or buildings.
This type of journal entry is typically used to record the depreciation expense associated with fixed assets such as machinery, equipment, or buildings.