Accumulated depreciation is normally associated with which asset on the Balance Sheet?
A)inventory
B)accounts receivable
C)intangible assets
D)fixed assets

Question

Quizplus · Accepted Answer

Accumulated depreciation is related to fixed assets such as buildings, equipment, and machinery. As these assets are used over time, their value decreases, and this decrease in value is recorded as accumulated depreciation on the balance sheet.

Accumulated Depreciation Is Normally Associated with Which Asset on the Balance