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which of the following statements is true regarding Depreciation? A.) In some instances it is acceptable...

which of the following statements is true regarding Depreciation?

A.) In some instances it is acceptable to depreciate an asset below the slavage value.

B.) In the declining balance method, subtract the salvage value from the cost of the asset and multiply the depreciate rate times that depreciable base.

C.) When recording depreciation expense, credit the asset account dorectly.

D.) The book value of an asset is the cost of the asset minus accumulated depreciation.
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Answer #1

Option D is correct. Book value of an asset is the cost of the assets minus accumulated depreciation thereon.

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