If an accumulated depreciation account is in use, then the entries for the year’s depreciation would be:

Credit Asset Account, debit Depreciation Account

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Debit Asset Account, credit Profit and Loss Account

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Credit Accumulated Depreciation Account, debit Depreciation Account

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Credit Profit and Loss Account, debit Accumulated Depreciation Account

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Solution

The correct option is C
Credit Accumulated Depreciation Account, debit Depreciation Account

The correct entry would be:

Depreciation A/c Dr

To Accumulated Depreciation A/c

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If an accumulated depreciation account is in use, then the entries for the year’s depreciation would be:

The correct option is C Credit Accumulated Depreciation Account, debit Depreciation Account The correct entry would be: Depreciation A/c Dr To Accumulated Depreciation A/c

The correct option is C
Credit Accumulated Depreciation Account, debit Depreciation Account

The correct entry would be:

Depreciation A/c Dr

To Accumulated Depreciation A/c