Accumulated Depreciation Is What Type of Account

question 41

Multiple Choice

Accumulated depreciation is what type of account?

• A) a contra asset account
• B) an equity account
• C) a liability account
• D) an expense account

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Definitions:

Standard Normal

A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis in statistical analysis for converting scores from any normal distribution.

Random Variable

A variable whose values depend on outcomes of a random phenomenon.

Standard Normal

A Gaussian distribution defined by a zero mean and a one standard deviation.

Random Variable

A numerical variable influenced by the randomness of an event.