The Term "Accumulated Depreciation" as Used in Accounting Is Best

question 77

Multiple Choice

The term "accumulated depreciation" as used in accounting is best defined as:

• A)The portion of a plant asset recognized as expense since the asset was acquired.
• B)Funds (or cash)set aside to replace the asset being depreciated.
• C)Earnings retained in the business that will be used to purchase another asset when the present asset is depreciated.
• D)An expense of doing business.

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Definitions:

Undercut

A notch or small cut made in the part of an object, usually to provide clearance or space for other components.

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere.

Flat Tapers

Tapering geometry where the taper is flat, usually referring to a gradual decrease in thickness or diameter over the length of an object.

Cutting Plane

An imaginary plane where an object is assumed to be cut through to produce sectional views for technical drawings.