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
Unlock this answer
Join StudyHippo to unlock
unlock