The total dollars in an Accumulated Depreciation account are:
A)added to the corresponding asset account.
B)divided into the corresponding asset account.
C)subtracted from the corresponding asset account.
D)subtracted from the corresponding liability account.

Question

Quizplus · Accepted Answer

Accumulated Depreciation is a contra-asset account, which means that it has a credit balance and is used to reduce the balance of the corresponding asset account. Therefore, the total dollars in an Accumulated Depreciation account are subtracted from the corresponding asset account.

The Total Dollars in an Accumulated Depreciation Account Are