Which of the following statements is true?
A) Accumulated depreciation is that portion of property, plant, and equipment's cost that has already been recorded as an expense.
B) Accumulated depreciation represents a growing amount of cash to be used to replace the existing asset.
C) Depreciation is a process of objective valuation.
D) Depreciation means that a business sets aside cash to replace assets as they become fully amortized.
Correct Answer:
Verified
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