What is the correct journal entry to record a \$2,000 depreciation expense?

• A. Debit Cash \$2,000; Credit Depreciation Expense \$2,000
• B. Debit Depreciation Expense \$2,000; Credit Accumulated Depreciation \$2,000
• C. Debit Depreciation Expense \$2,000; Credit Cash \$2,000
• D. Debit Accumulated Depreciation \$2,000; Credit Depreciation Expense \$2,000

Answer: (B)