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Accumulated depreciation is classified as a(n): a) Contra-asset b) Expense c) Liability d) Asset

Accumulated depreciation is classified as a(n): a) Contra-asset b) Expense c) Liability d) Asset

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter13: Capital Budgeting: Estimating Cash Flows And Analyzing Risk
Section: Chapter Questions
Problem 2MC
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Accumulated depreciation is classified as a(n): a) Contra-asset b) Expense c) Liability d) Asset
Transcribed Image Text:Accumulated depreciation is classified as a(n): a) Contra-asset b) Expense c) Liability d) Asset
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