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

Transferred to deprecation account

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Transferred to asset account

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Transferred to profit & loss account

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Deducted from assets in the balance sheet

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Solution

The correct option is D
Deducted from assets in the balance sheet

At the balance sheet date, the balance in the Accumulated Depreciation Account is deducted from assets in the balance sheet.

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

The correct option is D Deducted from assets in the balance sheet At the balance sheet date, the balance in the Accumulated Depreciation Account is deducted from assets in the balance sheet.

The correct option is D
Deducted from assets in the balance sheet

At the balance sheet date, the balance in the Accumulated Depreciation Account is deducted from assets in the balance sheet.