Multiple Choice
If a business has several types of Non-current assets such as equipment, buildings, and trucks,
A) there should be only one accumulated depreciation account.
B) there should be a separate accumulated depreciation account for each type of asset.
C) all the long-term asset accounts will be recorded in one general ledger account.
D) there won't be a need for an accumulated depreciation account.
Correct Answer:

Verified
Correct Answer:
Verified
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