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McGerald's is a corporation which sells fast food meals. This December, McGerald's recognized 1 year of depreciation on a building which had a total useful

McGerald's is a corporation which sells fast food meals. This December, McGerald's recognized 1 year of depreciation on a building which had a total useful life of 25 years, and which had originally been bought for $655,000, no salvage value, and using the straight-line method.

A

DR Accumulated Depreciation $26,200

CR Depreciation expense $26,200

B

DR Depreciation expense $26,200

CR Accumulated Depreciation $26,200

C

DR Depreciation expense $655,000

CR Accumulated Depreciation $655,000

D

DR Accumulated Depreciation $655,000

CR Depreciation expense $655,000

E

None of the above

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