General ledger accounts commonly used in PPE are:
A) depreciation expense.
B) the asset at cost or valuation.
C) accumulated depreciation.
D) all of the above

Question

Quizplus · Accepted Answer

All three options are commonly used in accounting for PPE. Depreciation expense represents the periodic decrease in value of the asset, the asset at cost or valuation represents the original cost or value of the asset, and accumulated depreciation represents the total depreciation charged over the life of the asset.

General Ledger Accounts Commonly Used in PPE Are