asked 199k views
4 votes
The following entry would be used to record depreciation on manufacturing equipment:

Manufacturing Overhead XXX
Accumulated Depreciation XXX
True or False

asked
User Cjrieck
by
7.4k points

1 Answer

6 votes

Final answer:

The statement that Manufacturing Overhead XXX Accumulated Depreciation XXX would be used to record depreciation on manufacturing equipment is false.

Step-by-step explanation:

The statement that Manufacturing Overhead XXX Accumulated Depreciation XXX would be used to record depreciation on manufacturing equipment is False.

Manufacturing overhead is a separate category that includes indirect costs associated with the production process, such as rent, utilities, and salaries of production supervisors. Depreciation expense, on the other hand, is recorded separately in the books of accounts as an operating expense. It is not included in the manufacturing overhead.

To record depreciation on manufacturing equipment, you would make the following entry: Depreciation Expense XXX Accumulated Depreciation XXX. The depreciation expense reduces the value of the equipment, while accumulated depreciation represents the total depreciation recognized over time.

answered
User EkoJR
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.