Accumulated Depreciation Is Normally Associated with Which Asset on the Balance

question 3

Multiple Choice

Accumulated depreciation is normally associated with which asset on the Balance Sheet?

• A)inventory
• B)accounts receivable
• C)intangible assets
• D)fixed assets

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Definitions:

Periodic Instalment

Periodic installment refers to a regular, scheduled payment made over time towards settling a debt, which may include portions of both principal and interest.

Interest Portion

The amount of a payment that goes toward interest on a loan.

Principal Portion

The part of a payment that reduces the original amount of the loan, as distinguished from the interest portion.

Current Liabilities

Financial responsibilities that must be settled within a year or during the standard operational cycle.