On a worksheet, the adjusted balance of the Depreciation Expense account is extended to:
A)the Income Statement Debit column.
B)the Balance Sheet Debit column.
C)the Income Statement Credit column.
D)the Balance Sheet Credit column.

Question

Quizplus · Accepted Answer

The adjusted balance of the Depreciation Expense account is extended to the Income Statement Debit column because it is an expense that reduces net income on the income statement.

On a Worksheet, the Adjusted Balance of the Depreciation Expense