Accumulated Depreciation Is an Account Which

question 20

Multiple Choice

Accumulated depreciation is an account which:

• A)adjusts plant and equipment so that its balance sheet value approximates its replacement cost.
• B)is a long-term liability.
• C)is equal to total depreciation expense recorded and decreases total plant and equipment.
• D)reduces intangible assets.

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Definitions:

Rural Areas

Regions of land that are not densely populated and are often characterized by farming or natural settings.

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for the purpose of food production or other agricultural products.

Urban Areas

Densely populated regions that are characterized by significant built environment and infrastructure, including cities and towns.

Developing World

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.