What Type of Account Is Accumulated Depreciation and What Is

question 84

Multiple Choice

What type of account is Accumulated depreciation and what is its normal balance?

• A)Liability and credit
• B)Expense and debit
• C)Contra asset and credit
• D)Revenue and debit

---

Definitions:

Medication Costs

The expenses associated with purchasing drugs or pharmaceuticals prescribed for treatment or health maintenance.

Health Insurance Portability and Accountability Act

A US law enacted in 1996 to protect patient health information, ensuring privacy and security while facilitating the portability of health insurance.

Electronic Transmission

The transfer of data or information between computers or over a network without the use of physical connections.

Personal Information

Data that identifies or can be used to identify, contact, or locate a single person.