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22. Reynardo Company incurred $77,000 of depreciation for the year. Sixty percent relates to the firm's production facilities, and 40% relates to sales and administrative
22. Reynardo Company incurred $77,000 of depreciation for the year. Sixty percent relates to the firm's production facilities, and 40% relates to sales and administrative offices. If all items are handled in the proper manner, a review of the company's accounting records should reveal a:
a) debit to Depreciation Expense for $77,000.
b) debit to Manufacturing Overhead for $77,000.
c) debit to Manufacturing Overhead for $46,200.
d) debit to Work-in-Process Inventory for $30,800.
e) credit to Cash for $77,000.
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