Which Statement Relating to Depreciation Is True

question 46

Multiple Choice

Which statement relating to depreciation is true?

• A) Accumulated depreciation represents the amount of an asset's cost that has been transferred to depreciation expense to date.
• B) The cash account is affected by charging depreciation.
• C) Accumulated depreciation is a contra-expense account.
• D) Depreciation represents cash that can be used to replace assets when they wear out.

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The trust in one's abilities, qualities, and judgment, contributing to self-assuredness.

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