ee Which of the following is a true statement? Depreciation is an official valuation method used by accountants to determine the price of an asset if sold to a third party Accumulated depreciation is the potion of an asset's cost that has already been expensed through the income statement None of the other options. Accumulated depreciation is a growing pool of cash that will be used to replace an asset when it has become fully deprecated Salvage/Residual value is cash that a business sets aside to replace the asset when it is fully depreciated