Which of the following statements is true regarding the Accumulated Depreciation account? Multiple Choice The balance in the accumulated Depreciation account represents the total amount recorded as Depreciation Expense from the time the set was acquired The Accmated Depreciation account is a cash fund to be used to replace long-lived assets The balance in the Accumuited Depreciation account will always equal the balance in the Depreciation Expense account The balance in the Accumulated Depreciation account represents the portion of the cost of the asset that was charged to Depreciatiom Expens in the current period