An Increase in Accumulated Depreciation

question 32

Multiple Choice

An increase in accumulated depreciation:

• A)increases total assets.
• B)decreases total assets.
• C)decreases the current ratio.
• D)increases the quick ratio.

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Definitions:

Opportunity Cost

The economic consequence of bypassing the nearest favorable option when making a choice.

Attractive Offer

A proposal or deal that is appealing and likely to be accepted by others.

Attending College

The act of being enrolled and participating in academic courses at a college or university.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between two or more options.