Which Statement Is Correct

question 185

Multiple Choice

Which statement is correct?

• A)Accumulated Depreciation should always have a debit balance in the adjusted trial balance.
• B)Accumulated Depreciation is added to the long-term liabilities on the balance sheet.
• C)Accumulated Depreciation - Equipment represents the total cost of equipment that has expired up to the date of the balance sheet.
• D)Accumulated Depreciation is used to reveal the fair value of the related asset on the date of the balance sheet.

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