The amount of depreciation charged on a machinery will be debited to:

Machinery account

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Depreciation account

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Cash account

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Repair account

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Solution

The correct option is B Depreciation account
Depreciation is the permanent and continuous decrease in the book value of a depreciable fixed asset due to use, effluxion of time, obsolescence, expiration of legal rights or any other cause.
Journal entry for charging depreciation is :
Depreciation A/c Dr.
To Asset/ Machinery A/c

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