Accumulated depreciation is deducted when calculating net income.

Name: Accumulated depreciation is deducted when calculating net income.
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Quizplus · Accepted Answer

Accumulated depreciation is not deducted when calculating net income. It is a non-cash expense that reduces the value of the asset on the balance sheet and is included in the calculation of depreciation expense. Net income is calculated by subtracting all expenses, including depreciation, from total revenues.

Accumulated Depreciation Is Deducted When Calculating Net Income