Which of the following events is most appropriately recorded as a reduction to accumulated depreciation?

Question

Quizplus · Accepted Answer

A reduction to accumulated depreciation is appropriate when an improvement is made to an asset that extends its useful life. This is because the amount of depreciation recorded for an asset is based on its useful life. By extending its useful life, the amount of depreciation recognized over time will be reduced. The other options listed may result in an adjustment to the asset's carrying value, but not a reduction to accumulated depreciation.

Which of the Following Events Is Most Appropriately Recorded as a Reduction