Which of the following best describes the Accumulated Depreciation account? a. A contra-asset account with a normal
Question:
Which of the following best describes the Accumulated Depreciation account?
a. A contra-asset account with a normal debit balance
b. A contra-asset account with a normal credit balance
c. An expense account with a normal debit balance
d. An expense account with a normal credit balance
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The answer is b A contraasset account with a normal credit balance The Accumulated Depreciation acco...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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