Which of the following accounts would most likely be depreciated?
A)Equipment
B)Office Supplies
C)Investments
D)Accounts Payable

Name: Which of the following accounts would most likely be depreciated? A)Equipment B)Office Supplies C)Investments D)Accounts Payable
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Question

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Equipment is an asset that is used over a period of time and can lose value due to wear and tear. Depreciation is the accounting practice of allocating the cost of this asset over its useful life.

Which of the Following Accounts Would Most Likely Be Depreciated