Question

Which of the following is correct relating to depreciation?

• A. Accumulated depreciation debit and depreciation expenses Credit
• B. Depreciation expenses Debit and accumulated depreciation Credit
• C. Cash Debit and depreciation expenses Credit
• D. Depreciation expenses Debit and cash Credit

Answer 1

The correct option is B

Depreciation expenses Debit and accumulated depreciation Credit

The correct entry is Depreciation expenses Debit and accumulated depreciation Credit .