The Type of Account and Normal Balance of Accumulated Depreciation

question 64

Multiple Choice

The type of account and normal balance of Accumulated Depreciation is

• A) asset, credit
• B) asset, debit
• C) contra asset, credit
• D) contra asset, debit

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Definitions:

Colonization Movement

An initiative mainly in the 18th and 19th centuries aimed at resettling freed African Americans in Africa, notably in Liberia.

Black Americans

Black Americans are citizens or residents of the United States with African ancestry, significantly contributing to the nation's culture, history, and socio-economic development.

Adamantly Opposed

Firmly resisting or rejecting a policy, idea, or practice without yielding or compromising.

Compromise

The process of making mutual concessions or reaching an agreement in which each party gives up something that was originally sought.