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What the entries for the year depreciation would be

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Reference no: EM132769211

Problem 1: In the Trial Balance the balance on the Provision for Depreciation Account is

(A) Shown as a credit item
(B) Not shown, as it is part of depreciation
(C) Shown as a debit item 1
(D) Sometimes shown as a credit, sometimes as a debit

Problem 2: If an accumulated provision for depreciation account is in use then the entries for the year's depreciation would be

(A) Credit Provision for Depreciation Account, Debit Profit and Loss Account
(B) Debit Asset Account, Credit Profit and Loss Account
(C) Credit Asset Account, Debit Provision for Depreciation Account
(D) Credit Profit and Loss Account, Debit Provision for Depreciation Account

Reference no: EM132769211

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