Accumulated Depreciation:
A) increases with a debit.
B) decreases with a credit.
C) increases with a credit.
D) is an adjunct account.

Name: Accumulated Depreciation: A) increases with a debit. B) decreases with a credit. C) increases with a credit. D) is an adjunct account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accumulated Depreciation is a contra asset account that increases with a credit as it accumulates the total depreciation expense over time.