Which of the Following Statements About Accumulated Depreciation Is not

question 54

Multiple Choice

Which of the following statements about accumulated depreciation is not true?

• A)It is a contra asset account.
• B)It records the portion or how much of the asset has been used up.
• C)It is reflected on the Statement of Financial Position.
• D)It helps determine how much an asset can be sold for.

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Definitions:

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