The Accumulated Depreciation account is a(n):
A) contra asset.
B) liability.
C) asset.
D) operating expense.

Name: The Accumulated Depreciation account is a(n): A) contra asset. B) liability. C) asset. D) operating expense.
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Quizplus · Accepted Answer

Accumulated Depreciation is a contra asset account that offsets the balance in the related asset account. It represents the total amount of depreciation expense that has been charged to the asset over its useful life. It is not a liability, asset, or operating expense.

The Accumulated Depreciation Account Is A(n)