California Real Estate Practice Exam

Accrued depreciation refers to the dollar amount that accounts for all three types of depreciation - physical deterioration, functional obsolescence, and external obsolescence. This means that options A, B, and C are all incorrect, as they only account for one type of depreciation each. Option A only refers to physical deterioration, option B only refers to functional obsolescence, and option C only refers to external obsolescence. Therefore, the correct answer is option D as it covers all three types of depreciation.