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Which of bad debt expenses, accumulated depreciation, allowance for bad debts is/are a contra- asset account? Select one: Allowance for bad debts only. Both accumulated

Which of bad debt expenses, accumulated depreciation, allowance for bad debts is/are a contra- asset account?

Select one:

  • Allowance for bad debts only.
  • Both accumulated depreciation and allowance for bad debts are contra- assets accounts.
  • Accumulated depreciation only.
  • Both bad debt expenses and accumulated depreciation
  • Neither allowance for bad debts nor accumulated depreciation.

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