Accumulated Depreciation appears on the:
A)balance sheet in the stockholders' equity section.
B)income statement as an expense.
C)balance sheet as a liability account.
D)balance sheet as a contra-asset account.

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra-asset account that appears on the balance sheet below the account Property and Equipment.Depreciation Expense is the account that appears on an income statement.

Accumulated Depreciation Appears on The