Answer:
accumulated depreciation
Explanation:
Accumulated depreciation is the total amount of depreciation expense that has been recorded so far for the asset. Each time a company charges depreciation as an expense on its income statement, it increases accumulated depreciation by the same amount for that period.
Accumulated depreciation and checking are found on an income statement. Thus, options C and E are correct.
Accumulated depreciation is the total depreciation that has been applied to the single point to the assets. Each time, depreciation is recorded and added in the beginning period of the accumulated depreciation.
The example of accumulated depreciation is the net book value of a piece of printing equipment is $65,000 if a business paid $100,000 for it and has accrued $35,000 in depreciation. $100,000 - $35,000 = $65,000. The cost of an asset cannot be exceeded by accumulated depreciation.
Thus, option C and E are correct.
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