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Question 1.39 Depreciation on Office Equipment is determined to be $100. What is the journal entry? O Debit accumultated depreciation $100, Credit depreciation expense $100. O Debit depreciation expense $100, Credit cash $100 O Debit depreciation expense $100, Credit accumulated depreciation S100. O Debit depreciation expense $100, Credit office equipment $100 x Question 1.40 In accounting, depreciation: O is a way of reflecting a reduction in market value O allows the company to set aside cash to replace an asset in the future O allocates the cost of an asset over its estimated useful life O is subtracted directly from the assets account Question 1.41 Permanent accounts: O retain their balances from the end of one period to the beginning of the next period O start with a zero balance at the beginning of the next period. O include income statement accounts O never change