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What type of account and amount is credited

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Question - For the 12/31/20 adjusting entry to accrue straight-line depreciation on building/land costing $900,000 bought 9/1/20, with land estimated at 20% of cost, and with a 20-year useful life and $300,000 salvage value expected, what type of account and amount is credited?

a. Contra Asset 8,750

b. Contra Asset 7,000

c. Asset 8,750

d. Asset 21,000

e. Expense 21,000

Reference no: EM132603501

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