A new machine is bought in January and is depreciating over a 10 year - ProProfs Discuss
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A new machine is bought in January and is depreciating over a 10 year period. There is no residual value. The entry to record the transaction after 4 years is.



A. An increase in cash, decrease in accounts payable
B. An increase in depreciation expense, decrease in machine
C. An increase in depreciation expense, decrease in accumulative depreciation
D. An increase in depreciation expense, increase in accumulative depreciation

This question is part of Accounting - Chapters 1-4
Asked by ReynaldoJPA, Last updated: Dec 18, 2019

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1 Answer

John Smith

John Smith

Answered Jan 31, 2017

An increase in depreciation expense, increase in accumulative depreciation
 

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