As the balance in the Accumulated Depreciation increases, total assets because Accumulated Depreciation is a -account.

Question

As the balance in the Accumulated Depreciation increases, total assets because Accumulated Depreciation is a -account.
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Solution 1

As the balance in the Accumulated Depreciation increases, total assets decrease because Accumulated Depreciation is a contra-asset account.

Here's the step by step explanation:

  1. Accumulated Depreciation is a contra-asset account, meaning it is paired with and offsets the asset account it is asso Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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