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 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.