If a Business Has Several Types of Long-Term Assets Such

Multiple Choice

If a business has several types of long-term assets such as equipment, buildings, and trucks,

A) there should be only one accumulated depreciation account.
B) there should be separate accumulated depreciation accounts 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.