For long-lived assets that have been in use for more than one accounting period, depreciation expense on the accumulated depreciation on the .

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04-04-2022
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For long-lived assets that have been in use for more than one accounting period, depreciation expense on the accumulated depreciation on the .

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Анонимidn Анонимidn · Answer 1 · 2022-04-04T12:22:02-04:00

Анонимidn Анонимidn

04-04-2022

Answer:

For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.

Explanation:

Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.

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