Accumulated Depreciation Is a Contra-Asset Account

question 103

True/False

Accumulated Depreciation is a contra-asset account.

---

Definitions:

Hedge

An investment made to reduce the risk of adverse price movements in an asset, typically involving derivatives like options or futures.

Bushels

A unit of volume that is used to measure agricultural commodities.

Corn

A cereal plant which yields large kernels set in rows on a cob; an important crop for food, livestock feed, and ethanol production.

Hedged Delivery

A technique used in trading and finance to mitigate risk by taking opposite positions in a market to protect against price movements.