Accumulated depreciation is reported on the statement of financial position as a deduction from plant assets.

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Accumulated depreciation is a contra-asset account that represents the total depreciation expense that has been charged against an asset since it was put into service. It is subtracted from the cost of the asset on the balance sheet in order to arrive at the net book value or carrying amount. Therefore, it is reported as a deduction from plant assets on the statement of financial position.

Accumulated Depreciation Is Reported on the Statement of Financial Position