Which of the Following Statements About Property, Plant, and Equipment

Multiple Choice

Which of the following statements about property, plant, and equipment and depreciation is true?

A) Plant, property, and equipment assets are sold to customers in the normal course of business.
B) Accounting requires that the cost of a depreciable asset be recorded as an expense over time periods benefited by that asset.
C) Accumulated depreciation is the total amount of depreciation that has been recorded on a depreciable asset in the current period.
D) Accounting and general usages of the term depreciation are the same.
E) All of the above statements are true.