An Example of a Contra-Asset Account Is

question 35

Multiple Choice

An example of a contra-asset account is:

• A)Depreciation Expense.
• B)Accumulated Depreciation.
• C)Prepaid expenses.
• D)Unearned revenue.

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Definitions:

Linear Thinking

A thought process that follows a straight, direct path to reach a conclusion or solution, often focusing on sequential steps.

Causality

The relationship between a cause and its effect, where one event is understood to be a consequence of the other.

Sophisticated

Having a refined knowledge of the world, complex or developed in a way that is not immediately obvious.

Centrated Thinking

A cognitive phenomenon in early childhood, where a child focuses on one aspect of a situation while neglecting others, indicative of preoperational thinking according to Jean Piaget.