Connect httpsnewconnectmheducationcomflowconnecthtml Quiz 6

Connect https://newconnect.mheducation.com/flow/connect.html Quiz 6 Saved The total amount of depreciation recorded against an asset over the entire time the asset has been owned Multiple Choice 37 Is referred to as depreciation expense s referred to as accumulated depreciation ls shown on the income statement of the final period Is only recorded when the asset is disposed of ls referred to as an accrued asset

Solution

is reffered to as accumalated depreciation

Accumalated Depreciation is the cummilative value of depreciation incurred to an asset from the time its owned .Value of asset is shown in carrying cost which is the difference between purchase value and accumalated depreciation.