Which of the Following Is Not a Characteristic of Accumulated

question 78

Multiple Choice

Which of the following is not a characteristic of accumulated depreciation account?

• A) Accumulated depreciation represents cash reserved for asset replacement.
• B) Accumulated depreciation account is a contra-asset account.
• C) Accumulated depreciation may be disclosed in the notes to the financial statements.
• D) Accumulated depreciation is reported on the balance sheet as a deduction from the cost of the asset.

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Definitions:

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