Company A owns a building. Which of the following statements regarding depreciation as used by accountants is
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Company A owns a building. Which of the following statements regarding depreciation as used by accountants is false?
a. As the value of the building decreases over time, it "depreciates."
b. Depreciation is an estimated expense to be recorded over the building's estimated useful life.
c. As depreciation is recorded, stockholders' equity is reduced.
d. As depreciation is recorded, assets are reduced.
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Shashank Jaiswal
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