General ledger accounts commonly used in PPE are:
A) accumulated depreciation.
B) depreciation expense.
C) the asset at cost or valuation.
D) all of the above

Question

Quizplus · Accepted Answer

All of the options listed are commonly used general ledger accounts in relation to property, plant, and equipment. The asset is initially recorded at cost or valuation, accumulated depreciation is used to track the reduction in value over time, and depreciation expense is recognized as an expense on the income statement.

General Ledger Accounts Commonly Used in PPE Are