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Which of the following is TRUE of plant asset accounts and their related accumulated depreciation accounts? A. B. C. D. Accumulated depreciation is a contra
Which of the following is TRUE of plant asset accounts and their related accumulated depreciation accounts? A. B. C. D. Accumulated depreciation is a contra asset account which has a normal balance of a credit amount. The allocation of a plant asset's cost to expenses is called depreciation. Accounting for plant assets is the same as for a prepaid expense. All of the above are true
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