As accumulated depreciation is recorded, the net book value:
A) increases.
B) decreases.
C) remains the same.
D) equals zero.

Question

Quizplus · Accepted Answer

Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset since it was put into use. As accumulated depreciation increases, the net book value (original cost minus accumulated depreciation) of the asset decreases.

As Accumulated Depreciation Is Recorded, the Net Book Value