The Type of Account and Normal Balance of "Accumulated Depreciation

question 52

Multiple Choice

The type of account and normal balance of "Accumulated Depreciation, Equipment" is

• A) Asset, Credit.
• B) Contra-asset, Credit.
• C) Contra-asset, Debit.
• D) Liability, Credit.

---

Definitions:

Legitimate

Valid or acceptable according to the law or rules; genuine or right.

Secret Sales

Sales events or promotions that are not publicly advertised, often exclusive to certain customers or members.

Probability Assignment

An assignment designed to evaluate students' understanding of probability, including calculating various probabilities and understanding the principles behind them.

Legitimate

Authentic, valid, or in accordance with established laws, rules, or standards.