All of the Following Are True Statements About the Accumulated

question 27

Multiple Choice

All of the following are true statements about the Accumulated Depreciation account EXCEPT that it:

• A)is a contra asset account with a normal credit balance.
• B)shows the sum of all depreciation expense from using the asset.
• C)is a contra asset account with a normal debit balance.
• D)always has a normal balance opposite that of its companion account.

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Sales divided by accounts receivable.

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