Why Is the Balance in the Depreciation Expense Account Generally

question 53

Multiple Choice

Why is the balance in the Depreciation Expense account generally different from the balance in the Accumulated Depreciation account?

• A) The adjusting entry contains a different amount for Depreciation Expense and Accumulated Depreciation. The Accumulated Depreciation account contains the value of the long-lived asset as well as the depreciation.
• B) Depreciation expense only reflects the current period depreciation. Accumulated
• C) Depreciation contains depreciation since the asset was purchased.
• D) The balances in the two accounts should be the same amount.

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Definitions:

Screen Time

The amount of time spent using devices with screens such as smartphones, computers, televisions, and tablets, often discussed in the context of its impact on health and development.

Motor Development

The progression of muscle coordination and bodily movements in humans, which occurs as part of the aging process.

Fine Motor Skills

The ability to make movements using the small muscles in our hands and wrists, important for tasks such as writing, typing, and tying shoelaces.

Gross Motor Skills

The abilities required to control the large muscles of the body for activities such as walking, jumping, and climbing.