Multiple Select Question

Select all that apply

Which of the following statements are true? $($Check all that apply.$)$

Multiple select question.

Depreciation Expense is an operating expense on the income statement

Depreciation Expense reports the amount of usefulness used since the long$-$lived asset was purchased

Accumulated Depreciation is netted against the related long$-$lived asset on the balance sheet

Accumulated Depreciation on the balance sheet reports the amount of usefulness used since the long$-$lived asset was first put into use

Depreciation Expense on the income statement reports only the current period's usefulness used.