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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