2. Which of the following statements concerning accumulated depreciation is most correct?

a. Accumulated depreciation is an income statement item.

b. There is no relationship between depreciation expense on the income statement and accumulated depreciation on the balance sheet.

c. Net fixed assets is equal to gross fixed assets plus accumulated depreciation.

d. Accumulated depreciation appears on the balance sheet under the category "other assets."

e. None of the above statements is correct.