Accumulated Depreciation on a Balance Sheet

question 56

Multiple Choice

Accumulated depreciation on a balance sheet:

• A)is part of stockholders' equity.
• B)represents the portion of the cost of an asset that is assumed to have been "used up" in the process of operating the business.
• C)represents cash that will be used to replace worn out equipment.
• D)recognizes the economic loss in value of an asset because of its age or use.

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Definitions:

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