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What does the credit balance in the Accumulated Depreciation account represent? A) the cost of additional equipment purchased this year B) the cumulative amount of
What does the credit balance in the Accumulated Depreciation account represent?
A) the cost of additional equipment purchased this year
B) the cumulative amount of depreciation taken in all years
C) the cost of existing equipment sold during the year
D) the amount of depreciation taken in the current year
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