The Accumulated Depreciation Account

question 64

Multiple Choice

The Accumulated Depreciation account:

• A)is another term for depreciation expense.
• B)represents the original cost of a plant asset.
• C)is a contra asset account.
• D)has a normal balance which is the same as its companion account.

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Definitions:

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Hypothetical-Deductive Reasoning

A method of problem-solving that involves forming hypotheses and deducing their implications to see if they match with real-world facts.

Hypothetical-Deductive Reasoning

A method of problem solving or decision making that starts with a hypothetical situation and deduces logical outcomes.

Single-Factor

Pertaining to studies, experiments, or theories that are concerned with only one variable or aspect.