Which of the Following Is True of Accumulated Depreciation

question 47

Multiple Choice

Which of the following is true of accumulated depreciation?

• A) It is added to the value of the total assets of a company.
• B) It is added to the long-term liabilities of a company.
• C) It represents the total value of the damaged goods present in a batch of supplies.
• D) It is the decrease in the value of assets such as machinery, equipment, and property over time.

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Definitions:

Centration

In Piaget’s theory, the tendency of a young child to focus only on one feature of an object while ignoring other relevant features.

Appearance

The way that someone or something looks to others, encompassing aspects of physical presentation and style.

Cognitive Development

The study of how thinking, problem solving, and understanding of the world evolve from infancy through adulthood, influenced by genetics, experience, and education.

Preoperational

The Preoperational stage is the second stage in Piaget's theory of cognitive development, occurring from ages 2 to 7, where children begin to engage in symbolic play but lack the ability to perform operations or see things from the perspective of others.