Which Statement Is Correct

question 87

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 value of the related asset on the date of the balance sheet.

---

Definitions:

EGO

A part of the psychoanalytic theory of personality, representing the realistic part that mediates between the desires of the ID and the super-ego.

Patrilineal Descent

A system of lineage tracing and inheritance through the father's line, where family ties and property are passed down from father to son.

Horticultural

Related to the art or practice of garden cultivation and management.

Agricultural

Related to the cultivation of land, and breeding of animals and plants to provide food, fiber, medicinal plants, and other products.