Question: Make a journal entry to record depreciation: Debit Fixed Asset and Credit Depreciation Expense Debit Depreciation Expense and Credit Fixed Asset Debit Accumulated Depreciation and

Make a journal entry to record depreciation:

  1. Debit Fixed Asset and Credit Depreciation Expense
  2. Debit Depreciation Expense and Credit Fixed Asset
  3. Debit Accumulated Depreciation and Credit Depreciation Expense
  4. Debit Depreciation Expense and Credit Accumulated Depreciation

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