In October, Fialas Fine Furniture, LLC recorded depreciation of $11,290 related to equipment in its...
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Accounting
In October, Fialas Fine Furniture, LLC recorded depreciation of $11,290 related to equipment in its factory. When Fiala recorded this depreciation, what was the effect on Fialas accounting system? (See your Unit 10 notes, pages 16, 17, & 25)
A.The balance in the factory overhead account increased, and the balance in the Accumulated Depreciation account increased.
B.The balance in the depreciation expense account increased, and the balance in the Accumulated Depreciation account decreased.
C.The balance in the factory overhead account increased, and the balance in the Accumulated Depreciation account decreased.
D.The balance in the depreciation expense account increased, and the balance in the Accumulated Depreciation account increased.
E.The balance in the depreciation expense account increased, and the balance in the Factory Overhead account increased.
F.The balance in the factory overhead account decreased, and the balance in the Accumulated Depreciation account increased.
G.The balance in the factory overhead account decreased, and the balance in the Accumulated Depreciation account decreased.
H.The balance in the depreciation expense account increased, and the balance in the Factory Overhead account decreased.
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