1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
11

When a company records depreciation it debits:_____.

Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer: A. Depreciation Expense and credits a contra-asset account.

Explanation:

Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.

Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.

You might be interested in
Is stuedent loan debt funded by us government?
lorasvet [3.4K]
Yes specially from taxes
4 0
3 years ago
When a customer purchases a product but is not yet ready for delivery, this is referred to as?
aleksandr82 [10.1K]
A bill-and-hold arrangement.
8 0
3 years ago
December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun u
allochka39001 [22]

Answer:

A. NA = NA + NA NA -NA = NA NA NA

Explanation:

As Year 2 the customer paid Loudoun the $1,050,which was written off On April 4, Year 1.

Therefore, the following journal entries to record the transaction.

Accounts receivable                     debit $1,050

Allowance for doubtful accounts credit $1,050

To record reinstatement of accounts receivable.

Cash                           debit $1,050

Accounts receivable credit $1,050

As one asset account is increase and another asset account is decreased.

7 0
3 years ago
In the process of benchmarking for a variable expense (such as payroll) the typical metrics used are "Total Dollars" and "Dollar
g100num [7]
The answer is false
8 0
3 years ago
Suppose that real GDP per capita in Italy is $32,000. If real GDP per capita is growing at a rate of 2.5% per year, how many yea
Sliva [168]

Answer:

boi  all I know is that im broke

Explanation:

bc

5 0
2 years ago
Other questions:
  • Students arrive at the Administrative Services Office at an average of one every 15 minutes, and their requests take on average
    14·1 answer
  • 1. The IS curve plots the relationship between the interest rate and ______ that arises in the market for ______.
    5·1 answer
  • When the Central government cut taxes and increases spending to stimulate the economy during a period of recession, such actions
    8·1 answer
  • Dakota, a manager for a large trucking company, is beginning to evaluate his truck drivers but is unsure of which type of evalua
    12·1 answer
  • According to the video, which terms best describe the role of General and Operations Managers? Check all that apply. documented
    9·2 answers
  • In 2010, the imaginary nation of Mainland had a population of 6,000 and real GDP of 120,000. In 2011 the population was 6,200 an
    14·1 answer
  • What are the qualities of a free-enterprise system? Check all that apply.
    10·1 answer
  • Argo is the world's leading brand of small vehicles that are designed to be driven on all types of terrain and in all types of w
    12·1 answer
  • SmartCorp sells 500 units, resulting in $75,000 of sales revenue, $32,000 of variable costs, and $20,000 of fixed costs. The num
    6·1 answer
  • Which of the following would appear in the Debits column of a bank statement for a checking account?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!