Depreciation Expense and Accumulated Depreciation are classified,respectively,as:

Name: Depreciation Expense and Accumulated Depreciation are classified,respectively,as:
Brand: Quizplus
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Quizplus · Accepted Answer

Depreciation Expense is an expense account and is reported on the income statement. Accumulated Depreciation, on the other hand, is a contra asset account and is reported on the balance sheet. As a contra asset account, it is subtracted from the related asset account to arrive at the net value of the asset.

Depreciation Expense and Accumulated Depreciation Are Classified,respectively,as