The adjusting entry to record depreciation for the company automobile would be: Expenses are always debits (which eliminates b and c)
a. debit Depreciation Expense, Automobile; credit Accumulated Depreciation, Automobile.
b. debit Accumulated Depreciation, Automobile; credit Automobile.
Depreciation doesn't affect the original cost of the vehicle (which eliminates b and d)
Which one is left? A
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