At the balance sheet date, the balance in the Accumulated Depreciation Account is: Options: A . &nbspTransferred to deprecation account B . &nbspTransferred to asset account C . &nbspTransferred to profit & loss account D . &nbspDeducted from assets in the balance sheet

At the balance sheet date, the balance in the Accumulated Depreciation Account i

Question

At the balance sheet date, the balance in the Accumulated Depreciation Account is:

Options:

A . Transferred to deprecation account

B . Transferred to asset account

C . Transferred to profit & loss account

D . Deducted from assets in the balance sheet

Answer: Option D
:
D
At the balance sheet date,the balance in the Accumulated Depreciation Account is deducted from assets in the balance sheet.

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