Question: Recording the adjusting entry for depreciation has the same effect as recording the adjusting entry for: A. Unearned revenue B. Prepaid expense C. Accrued revenue
Recording the adjusting entry for depreciation has the same effect as recording the adjusting entry for:
A. Unearned revenue
B. Prepaid expense
C. Accrued revenue
D. Accrued expense
-Explain the answer
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Answer is B Prepaid expense Prepaid expenses are expenses that have been paid in advance lik... View full answer
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