Accumulated Depreciation Is a Liability Account and Its Normal Account

question 63

True/False

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

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Definitions:

JButton

A graphical user interface component in Java Swing that represents a button which can be pressed by the user to perform an action.

Two-dimensional Table

A data structure that arranges information in rows and columns, effectively forming a grid.

GridLayout

A layout manager in Java Swing that arranges components in a rectangular grid.

Menu Item

A component in graphical user interfaces that represents an option or command in a menu.