Identify the Correct Classification for the Following 5 Ledger Accounts

Multiple Choice

Identify the correct classification for the following 5 ledger accounts in the chart of accounts:
1.prepayments
2.municipal rates
3.depreciation
4.accumulated depreciation
5.accrued expenses.

A) 1 asset, 2 expense, 3 expense, 4 asset, 5 expense
B) 1 asset, 2 expense, 3 asset, 4 expense, 5 liability
C) 1 asset, 2 expense, 3 expense, 4 asset, 5 liability
D) 1 expense, 2 expense, 3 expense, 4 expense, 5 expense.