Management Notes

Reference Notes for Management

The balance in the accumulated depreciation account represents the

The balance in the accumulated depreciation account represents the

 

Options

 

A) cash fund to be used to replace plant assets.

B) amount to be deducted from the cost of the plant asset to arrive at its fair market value.

C) amount charged to expense in the current period.

D) amount charged to expense since the acquisition of the plant asset.

 

The total cost of an asset less its accumulated depreciation is called:

Smirti

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