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:

IPSPs

Inhibitory post-synaptic potentials, which decrease the likelihood of a post-synaptic neuron firing an action potential.

Action Potential

A rapid change in electrical potential across the membrane of a nerve cell as a nerve impulse is transmitted.

Schwann Cell

A type of glial cell in the peripheral nervous system that wraps around neurons, forming a myelin sheath to facilitate electrical conduction.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell, fundamental unit of the nervous system.