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Easter Corporation purchased a new manufacturing building during the current year. The building has an estimated useful life of 30 years. The appropriate year-end adjusting
Easter Corporation purchased a new manufacturing building during the current year. The building has an estimated useful life of 30 years. The appropriate year-end adjusting entry would be
| A. | Debit Building Expense and credit Cash. | |
| B. | Debit Depreciation Expense and credit Building. | |
| C. | Debit Accumulated Depreciation and credit Building. | |
| D. | Debit Depreciation Expense and credit Accumulated Depreciation. |
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