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How does the adjustment for depreciation differ

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Reference no: EM131752340

Question: How does the adjustment for depreciation differ from other deferral adjustments?

- The depreciation adjustment results in an increase to a long-lived asset account while the other deferral adjustments reduce asset accounts.

- The depreciation adjustment uses a contra-asset account rather than reducing the asset accounts directly.

- The depreciation adjustment increases a liability account rather than reducing an asset account directly.

- The depreciation adjustment is not a deferral adjustment, but rather an accrual adjustment.

Reference no: EM131752340

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