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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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