The total amount of depreciation recorded against an asset, Ask an Expert

Accounting

The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been owned:

A. Is referred to as depreciation expense

B. Is referred to as accumulated depreciation

C. Is shown on the income statement of the final period

D. Is only recorded when the asset is disposed of

E. Is referred to as an accrued asset

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9447003

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