Depreciation is normally associated with which asset on the balance sheet?

Question

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Depreciation is a method of allocating the cost of long-term tangible assets like buildings, furniture, and equipment over their useful life. Therefore, depreciation is normally associated with equipment on the balance sheet. Land is not depreciated because it has an indefinite useful life. Accounts receivable and inventory are not considered long-term tangible assets and are not subject to depreciation.

Depreciation Is Normally Associated with Which Asset on the Balance