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Accumulated Depreciation and Depreciation Expense are classified, respectively, as - Q/A (Question and Answer)
Accumulated Depreciation and Depreciation Expense are classified, respectively, as – Q/A (Question and Answer)
Question
Accumulated Depreciation and Depreciation Expense are classified, respectively, as – Q/A (Question and Answer)
Test Answer
A. Asset, contra liability B. Expense, contra asset C. contra asset, expense D. Revenue, asset
Answer:
C. contra asset, expense
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