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Which of the following statements is TRUE? a . Depreciation expense and accumulated depreciation are both reported on the income statement. b . Depreciation expense
Which of the following statements is TRUE? a Depreciation expense and accumulated depreciation are both reported on the income statement. b Depreciation expense and aceumulated depreciation are both reported on the balance sheet. c Depreciation expense is reported on the income statement and accumulated depreciation is reported on the balance sheet. d Depreciation expense is reported on the balance sheet and accumulated depreciation is reported on the income statement.
Which of the following statements is TRUE?
a Depreciation expense and accumulated depreciation are both reported on the income statement.
b Depreciation expense and aceumulated depreciation are both reported on the balance sheet.
c Depreciation expense is reported on the income statement and accumulated depreciation is reported on the balance sheet.
d Depreciation expense is reported on the balance sheet and accumulated depreciation is reported on the income statement.
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