If an accumulated provision for depreciation account is in use then the entries for the years depreciation

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If an accumulated provision for depreciation account is in use then the entries for the year’s depreciation would be

(A) Credit Provision for Depreciation Account, debit Profit and Loss Account

(B) Debit Asset Account, credit Profit and Loss Account

(D) Credit Profit and Loss Account, debit Provision for Depreciation Account.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 20, 2023 01:00 AM

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If an accumulated provision for depreciation account is in use then the entries for the years depreciation

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Provision for Depreciation Account When recording the years depreciation in the bo...View the full answer

Frank Woods Business Accounting Volume 1

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