Which of the following is a characteristic of accumulated depreciation account? Accumulated depreciation is added...
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Accounting
Which of the following is a characteristic of accumulated depreciation account? Accumulated depreciation is added to the asset amount on the balance sheet. Accumulated depreciation represents cash reserved for asset replacement Accumulated depreciation is a liability accountAccumulated depreciation is reported on the balance sheet as a deduction from the cost of the asset to reach the book value.
Which of the following is a characteristic of accumulated depreciation account? Accumulated depreciation is added to the asset amount on the balance sheet. Accumulated depreciation represents cash reserved for asset replacement Accumulated depreciation is a liability accountAccumulated depreciation is reported on the balance sheet as a deduction from the cost of the asset to reach the book value.
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