What type of account (classification) is Accumulated Depreciation?

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 04:27 AM

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What type of account (classification) is Accumulated Depreciation?

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Accumulated depreciation is a contra asset account As the cost of a plant asset is expensed a ...View the full answer

Survey of Accounting

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