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Which of the following is MOST accurate?
Accumulated Depreciation
Overall depreciation expense tallied for a fixed asset since it started being used.
Accrued Salaries
Salaries that have been incurred but not yet paid, representing a liability for the company until payment is made.
Salaries Payable
A liability account that represents amounts owed to employees for services rendered but not yet paid.
Salaries Expense
The total amount paid to employees for services rendered during a specific period, classified as an operating expense.
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