The balance in the Accumulated Depreciation account represents the

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The balance in the Accumulated Depreciation account represents the amount charged to expense since the acquisition of the plant asset. This account is used to accumulate the total amount of depreciation expense charged to a plant asset over its useful life. The balance in the account is a contra asset account, which means that it is subtracted from the cost of the plant asset to arrive at its net book value on the balance sheet.

The Balance in the Accumulated Depreciation Account Represents the