What Type of Account Is Accumulated Depreciation

question 1

Multiple Choice

What type of account is accumulated depreciation?

• A)A liability account.
• B)An expense account.
• C)A contra asset account.
• D)An equity account.

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Definitions:

USB Outlet

An electrical socket designed to power or charge devices via USB cables without the need for an adapter.

Technical Support

Assistance provided to users of technology products or services to resolve hardware or software issues.

Wall Outlet

An electrical device installed in a wall that provides a point for electrical power access.