The Accumulated Depreciation account is closed to Income Summary at the end of the accounting period.
Accumulated Depreciation refers to the cumulative depreciation on the assets of the company up-to the life of the asset. It is a contra asset to the company and has a credit balance.
The account that reflects the value of accumulated depreciation upto a specific time is called the accumulated depreciation account. It is credited as the depreciation amount increases over a period and is debited on the sale or disposal of an asset.
The accumulated depreciation account is closed in the Income statement at the end of accounting period.
Hence the correct option is A.
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