How Does the Adjustment for Depreciation Differ from Other Deferral

question 188

Multiple Choice

How does the adjustment for depreciation differ from other deferral adjustments?

• A)The depreciation adjustment results in an increase to a long-lived asset account,while the other deferral adjustments reduce asset accounts.
• B)The depreciation adjustment uses a contra-asset account rather than reducing the asset account directly.
• C)The depreciation adjustment increases a liability account rather than reducing an asset account directly.
• D)The depreciation adjustment is not a deferral adjustment,but rather an accrual adjustment.

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