Question

what is the accumulated deprecation? a. sum of all depreciation expenses of a fixed asset b. depreciation expenses c. cost of depletion of assets d. future value of fixed asset 1. a is correct 2. b is correct 3. c is correct 4. d is correct

Answer 1

first option 'a' is correct as every year we charge depreciation and then transfer it to accumulated depreciation account so total of depreciation over the years will be shown in accumulated depreciation