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Al Mahdha Municipality have purchased a building for their staff members. The purchase was under capital project fund. The building has a useful life of

Al Mahdha Municipality have purchased a building for their staff members. The purchase was under capital project fund. The building has a useful life of 15 years. So, the entry for depreciation of the building will be _____________.

a.

Depreciation Expense Dr Accumulated Depreciation Cr

b.

Accumulated Depreciation Dr Depreciation Expense Cr

c.

No entry will be passed

d.

None of the options

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