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:

Synchrony

The simultaneous occurrence, operation, or action of two or more things.

Timing

The selection of the precise or opportune moment to perform an action, which can greatly affect the outcome of an event.

Effortful Control

The ability to regulate one's responses, including emotional and attentional self-regulation, particularly through the exertion of willpower.

Exuberance

The quality of being full of energy, excitement, and cheerfulness; a joyful enthusiasm for life.