Where in the financial statement is the account "Accumulated depreciation" found?
A)Balance Sheet: Current assets
B)Balance Sheet: Non-current assets
C)Balance Sheet: Current liabilities
D)Income Statement

Question

Quizplus · Accepted Answer

Accumulated depreciation is a non-current asset account that is found in the balance sheet. It represents the cumulative amount of depreciation expense recognized on the company's long-term assets up to the date of the financial statement.

Where in the Financial Statement Is the Account "Accumulated Depreciation