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The account "Accumulated Depreciation" reflects depreciation: equal to the salvage value of the asset equal to...

The account "Accumulated Depreciation" reflects depreciation:

equal to the salvage value of the asset

equal to the amount of revenue from that asset

still to be taken on the asset in future periods

taken since acquisition of the asset

for the most current period only

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Answer #1

The Account accumulated depreciation reflect depreciation- taken from acquisition of asset for most current period only.

The account Accumulated Depreciation shows the total amount of depreciation expense that has been recorded from the time the asset was put into service until the date of the balance sheet.

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