Accounting for IGCSE & O level - Accounting Procedures (Section 9 - No. 45)

What's the usual journal entry for the depreciation of an asset?

Debit Depreciation Expense, Credit Accumulated Depreciation

Debit Accumulated Depreciation, Credit Depreciation Expense

Debit Asset Account, Credit Depreciation Expense

Debit Depreciation Expense, Credit Asset Account

Depreciation expense is debited, and accumulated depreciation is credited.