The normal balance of the Accumulated Depreciation account is:
A)A debit balance.
B)A credit balance.
C)Either a debit balance or a credit balance.
D)There is no normal balance for this account.

Question

Quizplus · Accepted Answer

Accumulated Depreciation is a contra-asset account, meaning it offsets the asset account it is linked to. Since asset accounts normally have a debit balance, Accumulated Depreciation has a credit balance, which is the opposite or normal balance. Therefore, the best choice is B - a credit balance.

The Normal Balance of the Accumulated Depreciation Account Is