Match each account name to the financial statement section (a-i) in which it would appear.
-Depreciation Expense
A)Current assets
B)Fixed assets
C)Intangible assets
D)Current liability
E)Long-term liability
F)Owner's equity
G)Revenues
H)Operating expenses
I)Other revenue and expense

Question

Quizplus · Accepted Answer

Depreciation expense is considered an operating expense as it is a cost associated with the day-to-day operation of a business. It is typically found in the income statement or statement of operations within the operating expenses section.

Match Each Account Name to the Financial Statement Section (A-I)