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Question
If an accumulated depreciation account is in use, then the entries for the year’s depreciation would be:
Options:
A .  Credit Asset Account, debit Depreciation Account
B .  Debit Asset Account, credit Profit and Loss Account
C .  Credit Accumulated Depreciation Account, debit Depreciation Account
D .  Credit Profit and Loss Account, debit Accumulated Depreciation Account
Answer: Option C
:
C
The correct entry would be:
Depreciation A/c Dr
To Accumulated Depreciation A/c

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