After the adjustment for depreciation has been made, the original cost of the equipment: OA. increases with a credit. OB. remains the same. OC. decreases with a debit. OD. is transferred to a liability.

After the adjustment for depreciation has been made, the original cost of the equipment: OA. increases with a credit. OB. remains the same. OC. decreases with a debit. OD. is transferred to a liability.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 9MC: If an adjustment includes an entry to Accumulated Depreciation, which type of adjustment is it? A....

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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After the adjustment for depreciation has been made, the original cost of the equipment:
OA. increases with a credit.
OB. remains the same.
OC. decreases with a debit.
OD. is transferred to a liability.

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