Shared Flashcard Set

Details

Accounting A008
Depreciation/Accumulated Depreciation
4
Accounting
Undergraduate 1
10/19/2011
Click here to study/print these flashcards.

Create your own flash cards! Sign up here.

Additional Accounting Flashcards

 

 

Cards

Term
When you debit depreciation expense, you should also credit ?
 Definition
Accumulated depreciation
Term
In a typical depreciation journal entry, which account is debited?
 Definition
Depreciation expense
Term
In a typical depreciation journal entry, which account is credited?
 Definition
Accumulated depreciation
Term
Each year, the balance in the accumulated depreciation account increases or decreases?
 Definition
Increases
Supporting users have an ad free experience!