Accumulated DepreciationEquipment is a(n): a. Contra asset account. b. Contra liability account. c. Liability account. d. Asset
Question:
Accumulated Depreciation—Equipment is a(n):
a. Contra asset account.
b. Contra liability account.
c. Liability account.
d. Asset account.
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The coreect answer is A Contra asset account An accumulated depreciation account is a contra asset a...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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