Which of the Following Statements Is True

question 99

Multiple Choice

Which of the following statements is true?

• A)Accumulated amortization is that portion of a property, plant, and equipment asset's cost that has already been recorded as an expense.
• B)Amortization is a process of valuation.
• C)Amortization represents the cash a business has set aside to replace assets as they become fully amortized.
• D)Accumulated amortization is classified as a liability account on the balance sheet.

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