The Term "Accumulated Depreciation" as Used in Accounting Is Best

Multiple Choice

The term "accumulated depreciation" as used in accounting is best defined as:

A) The portion of a plant asset recognized as expense since the asset was acquired.
B) Funds (or cash) set aside to replace the asset being depreciated.
C) Earnings retained in the business that will be used to purchase another asset when the present asset is depreciated.
D) An expense of doing business.