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Depreciation of a company vehicle is determined to be $4,000 for the year. Which of the following is the correct journal entry to be made
Depreciation of a company vehicle is determined to be $4,000 for the year. Which of the following is the correct journal entry to be made to adjust for this use? A Debit accumulated depreciation for $4,000; credit depreciation expense for $4,000. B Debit depreciation expense for $4,000; credit vehicle for $4,000. C None of the options are correct. D Debit depreciation expense of $4,000; credit accumulated depreciation of $4,000
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