The adjusting entry to record an 3 points accrued revenue results in which of the following types of accounts being debited and credited? Asset/Revenue Expense/Asset Asset/Liability Expense/Liability Office Equipment was purchased on May 1, 2017 at a cost of P 140,000 with a salvage value of P20,000. The equipment's useful life is five years. How much is the depreciation expense on December 31, 2017. Php 24,000 Php 16,000 Php 10,000 Php 28,000