Accumulated Depreciation, as Used in Accounting, Primarily Represents

Multiple Choice

Accumulated depreciation, as used in accounting, primarily represents:

A) funds (or cash) set aside to replace the asset being depreciated.
B) earnings retained in the business that will be used to purchase another plant asset when the present asset becomes fully depreciated.
C) an expense that is shown in the statement of comprehensive income.
D) the portion of the cost of a plant asset written off as an expense since the asset was acquired.