Which of the Following Properly Describes Accumulated Depreciation

question 161

Multiple Choice

Which of the following properly describes accumulated depreciation?

• A) Accumulated depreciation is a contra liability account.
• B) Accumulated depreciation is an expense account.
• C) Accumulated depreciation is a contra equity account.
• D) Accumulated depreciation is a contra asset account.

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Definitions:

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A comprehensive method of objectively and systematically assessing the effectiveness and efficiency of an organization's HR management practices and policies.

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