With Respect to Company's Car 'Depreciation Expense' Account, Which of the Following

With respect to company's car 'depreciation expense' account, which of the following statements is correct?

A) The balance on the account is off-set against the cost of cars that the company owns to give the net book value of cars in the balance sheet.
B) It reflects that part of a company's cars that have been expensed since the cars were purchased.
C) It reflects the amount of depreciation charged on company cars in the current accounting period.
D) It appears as a liability in the balance sheet.
E) None of the above statements are correct.