the entry to record depreciation includes a credit to the ________ account. a. depreciation expense b…

the entry to record depreciation includes a credit to the ________ account. a. depreciation expense b. accumulated depreciation c. depreciation payable d. cash

the entry to record depreciation includes a credit to the ________ account. a. depreciation expense b. accumulated depreciation c. depreciation payable d. cash

Answer

Answer:

B. Accumulated Depreciation

Brief Explanation:

When recording depreciation, the Depreciation Expense account is debited and the Accumulated Depreciation account is credited. Accumulated Depreciation is a contra - asset account that reduces the carrying value of the related asset over time.