accumulated depreciation increases and the book value of the asset decreases. accumulated depreciation increases and the book value of the asset increases. accumulated depreciation remains the same and the book value of the asset decreases. accumulated depreciation increases and the book value of the asset remains the same. Question 15 (Mandatory) (1 point) The journal entry to record depreciation expense for equipment is: debit Accumulated Depreciation - Equipment, credit Equipment. debit Equipment, credit Accumulated Depreciation - Equipment. debit Deprawiation Expense, credit Equipment. debit Depreciation Expense - Equipment, credit Accumulated Depreciation - Equipment. Question 16 (Mandatory) (1 point) Return on assets measures how profitably management has used its assets. True False