In the financial statements prepared at the end of the accounting period the Accumulated Depreciation account appears on:

Question

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Accumulated Depreciation account appears on the balance sheet as a deduction from the related asset. This is because it represents the total amount of depreciation that has been charged against the asset over its useful life, reducing the asset's carrying value. It is not a liability and neither an expense, so options A and B are incorrect. It does not appear on the income statement, so option D is also incorrect.

In the Financial Statements Prepared at the End of the Accounting