The Total Amount of Depreciation Recorded Against an Asset Over

Multiple Choice

The total amount of depreciation recorded against an asset over the entire time the asset has been owned:

A) Is referred to as depreciation expense.
B) Is referred to as accumulated depreciation.
C) Is shown on the income statement of the final period.
D) Is only recorded when the asset is disposed of.
E) Is referred to as an accrued asset.