What is the entry to close the depreciation expense account would include a debit of?

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1168639

2026-08-12 23:25

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To close the depreciation expense account, the entry would include a debit to the Income Summary account. The corresponding credit would be made to the depreciation expense account, effectively zeroing it out for the period. This entry reflects the transfer of the expense to the Income Summary, where it will ultimately affect the net income calculation for the period.

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