Question

depreciation is credited or debited​

Answer 1

Answer:

Each year, the depreciation expense account is debited,

Explanation:

Answer 2

Explanation:

Each year, the depreciation expense account is debited, expensing a portion of the asset for that year, while the accumulated depreciation account is credited for the same amount. Over the years, accumulated depreciation increases as the depreciation expense is charged against the value of the fixed asset.