Final answer:
Accumulated Depreciation is the correct valuation (or contra) account among the options listed. It decreases the value of a capital asset over time.
Step-by-step explanation:
The question asks which of the following is a valuation (or contra) account: a. Accumulated Depreciation b. Prepaid Rent c. Accounts Payable d. Unearned Revenue.
A valuation account, also known as a contra account, is used in accounting to decrease the value of a related account. The correct answer is: a. Accumulated Depreciation.
This account is paired with a capital asset account and represents the amount of the asset's cost that has been depreciated over time. In contrast, Prepaid Rent is an asset account, Accounts Payable is a liability account, and Unearned Revenue is a liability account reflecting income received but not yet earned.
Therefore, the correct answar is a. Accumulated Depreciation