In Part 5 we described how certain types of assets were converted into expenses with the passage
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In Part 5 we described how certain types of assets were converted into expenses with the passage of time. When this occurs, there is a [Dr. /
Cr.] entry to the asset account, which shows the [decrease / increase] in the amount of the asset, and there is an equal [Dr. / Cr.] to the expense account.
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