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.

---

Definitions:

Task Analysis

The process of breaking down a task into its component steps or operations to understand the skills and knowledge required to perform it.

Needs Analysis

The process of identifying and evaluating the needs of a specific group of people or organization to determine necessary actions for performance improvement.

Stakeholder Consultation

A process where stakeholders are given the opportunity to contribute their opinions and insights towards a project or decision before it is finalized.

Compliance Training

Instructional programs designed to inform employees of the organization's policies, regulations, and legal obligations to prevent violations and ensure workplace safety and ethics.