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QUESTION
Which of the following statements about the accumulated depreciation account is correct?
Which of the following statements about the accumulated depreciation account is correct?
A) It appears on the balance sheet and represents the total depreciation expense taken in the current year.
B) It appears on the balance sheet and represents the total depreciation expense taken in all years to date.
C )It appears on the income statement and represents the total depreciation expense taken in the current year.
D) It appears on the income statement and represents the total depreciation expense taken in all years to date.
