Wildhorse Inc. began operations on October $1,2025.$ The company acquired a building on that date for $$404000.$ The useful life of the building is $25$ years and the salvage value is $$44300.$ This is Wildhorse's only building. If the company uses straight$-$line method depreciations, the adjusting journal entry to record depreciation on the building at December $31,2025$ is; a$.$ debit accumulated depreciation$-$building and credit depreciation expense,$$14388$ b$.$ debit building and credit cash, $$404000$ c$.$ debit depreciation expense and credit accumulated depreciation$-$building $$3597$ d$.$ debit depreciation expense and credit accumulated depreciation building,$$14388$

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The correct adjusting journal entry to record depreciation on the building at December 31 2025 using ... View the full answer