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Accumulated depreciation is best described as: a.) a contra-asset account that measures the total amount of depreciation claimed on an asset since its acquisition. b.)
Accumulated depreciation is best described as: a.) a contra-asset account that measures the total amount of depreciation claimed on an asset since its acquisition. b.) the amount of depreciation deducted in the current period. c.) a deduction that requires the business to set aside an equivalent amount of cash. d.) a deduction that does not decrease net income
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