On a worksheet, the balance in the accumulated depreciation account should be extended to which column?
A)Balance Sheet debit column
B)Balance Sheet credit column
C)Income Statement debit column
D)Income Statement credit column

Question

Quizplus · Accepted Answer

The balance in the accumulated depreciation account is a contra-asset account and has a credit balance. Therefore, it should be extended to the Balance Sheet credit column, which is where all credit balances are recorded.

On a Worksheet, the Balance in the Accumulated Depreciation Account