At the end of an asset's useful life, the balance in accumulated depreciation will be the same as the:
A) tax liability.
B) book value.
C) salvage value.
D) cumulative depreciation expense.

Question

Quizplus · Accepted Answer

At the end of an asset's useful life, accumulated depreciation equals the total depreciation expense recorded over the asset's life, which is the cumulative depreciation expense.

At the End of an Asset's Useful Life, the Balance