Which of the following is true of accumulated depreciation?
A) It is added to the value of the total assets of a company.
B) It is added to the long-term liabilities of a company.
C) It represents the total value of the damaged goods present in a batch of supplies.
D) It is the decrease in the value of assets such as machinery, equipment, and property over time.

Question

Quizplus · Accepted Answer

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against an asset over time, reflecting the decrease in its value.

Which of the Following Is True of Accumulated Depreciation