Accumulated Depreciation Is a Liability Account and Has a Credit

question 103

True/False

Accumulated Depreciation is a liability account and has a credit normal account balance.

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Definitions:

Triplet

In chemistry, a term often used to describe a state of a molecule or an atom in which its electrons have a specific spin configuration leading to three closely related energy levels or quantum states.

Cyclohexanone

An organic compound with the formula (CH2)5CO, characterized by a six-carbon ring with a ketone functional group.

Benzophenone

An organic compound with the formula (C6H5)2CO, commonly used in organic chemistry as a photoinitiator.

Diethyl Ether

An organic compound commonly used as a solvent, characterized by an oxygen atom connecting two ethyl groups.