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    Intermediate Accounting Study Set 7
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    Exam 11: Long-Term Operating Assets: Acquisition, Cost Allocation
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    What Type of Account Is Accumulated Depreciation
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What Type of Account Is Accumulated Depreciation

Question 122

Question 122

Multiple Choice

What type of account is Accumulated Depreciation?


A) contra-equity
B) contra-asset
C) expense
D) asset

Correct Answer:

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