The Total Assets of a Dairy Products Manufacturing Company Are

Multiple Choice

The total assets of a dairy products manufacturing company are calculated. However, a sum of $5 million from the value of the company's property, plant, and equipment assets is not taken into account as the machinery is bound to become unusable after a certain period of time. In the context of balance sheets, the amount of $5 million that is subtracted from the original value of the total assets is called _____.

A) deferred income
B) bequest value
C) accumulated depreciation
D) laid-down cost