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Which of the describes the entry

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Question 1: A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?

Option 1: Debit Property Plant and Equipment and Credit Depreciation expense

Option 2: Debit Depreciation expense and Credit Accumulated Depreciation account

Option 3: Debit Property Plant and Equipment and Credit Cash

Option 4: Debit Depreciation expense and Credit Cash

Option 5: Debit Net Income and Credit Property Plant and Equipment

Reference no: EM132542610

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