After you identify a long-term goal, what is the second step in developing career readiness?

Which of the following statements concerning accumulated depreciation is most correct?

A. Accumulated depreciation is an income statement item. B. There is no relationship between depreciation expense on the income statement and accumulated depreciation on the balance sheet. C. Net fixed assets equals gross fixed assets plus accumulated depreciation. D. Accumulated depreciation appears on the balance sheet under the category "other assets". E. None of the above statements are correct.

When a decreasing term policy is purchased, it contains a decreasing death benefit and

A) increasing premiums B) level premiums C) decreasing premiums D) variable premiums