A

Admin • 802.91K Points
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Q. Which of the following is not part of the journal entry for depreciation?

  • (A) Debit Depreciation Expense
  • (B) Credit Accumulated Depreciation
  • (C) Debit Fixed Asset
  • (D) None of the above
  • Correct Answer - Option(C)
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  • Filed under category Accounting
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Explanation by: Admin
Depreciation reduces the asset's value but we credit the contra account, not debit the asset.

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