Depreciation Expense-Equipment is an example of a contra account.

Name: Depreciation Expense-Equipment is an example of a contra account.
Brand: Quizplus
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Quizplus · Accepted Answer

Depreciation Expense-Equipment is an expense account, not a contra account. Contra accounts typically have a credit balance and are used to offset another account. Depreciation expense, on the other hand, is debited to reflect the cost of using the equipment over its useful life.

Depreciation Expense-Equipment Is an Example of a Contra Account