Accumulated depreciation is normally associated with which asset on the Balance Sheet?
A)Inventory
B)Accounts receivable
C)Land
D)Property,plant and equipment

Question

Quizplus · Accepted Answer

Accumulated depreciation is the total amount of depreciation that has been charged to a company's property, plant, and equipment (PPE) assets since they were acquired. Therefore, it is associated with Property, Plant, and Equipment, which is a long-term asset on the balance sheet.

Accumulated Depreciation Is Normally Associated with Which Asset on the Balance