menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Core Concepts of Accounting
  4. Exam
    Exam 3: The Mechanics of Double-Entry Bookkeeping
  5. Question
    Accumulated Depreciation Is an Example of A(an)
Solved

Accumulated Depreciation Is an Example of A(an)

Question 67

Question 67

Multiple Choice

Accumulated depreciation is an example of a(an)


A) accrued expense.
B) contra-asset.
C) contra-liability.
D) deferred asset.
E) deferred expense.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q62: A dividend is a special type of

Q63: The following account balances have been taken

Q64: A method of maintaining financial records developed

Q65: Financial statements can be prepared even if

Q66: Retained Earnings may be reduced by the

Q68: A double-entry booking system<br>A) records each event

Q69: An account whose period-ending balance is carried

Q70: On May, 1, 2010, John and Adam

Q71: A fundamental rule of double-entry bookkeeping is

Q72: On November 30, 2010, Kali Co. declared

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines