The Accumulated Depreciation account is ________.
A)a record of the sum of all the depreciation expense recorded
B)the price quoted to the buyer of a used asset
C)an expense account
D)the expense account used to expense the cost of an asset

Question

Quizplus · Accepted Answer

The Accumulated Depreciation account is a record of the sum of all the depreciation expense recorded for a particular asset or group of assets. It represents the total amount of depreciation that has been charged to expense over the life of the asset(s).

The Accumulated Depreciation Account Is ________