answersLogoWhite
Business Accounting and Bookkeeping
Companies

Where does Accumulated Depreciation appear?


Top Answer
User Avatar
msoexpert
2020-04-14 02:45:34
2020-04-14 02:45:34

Accumulated depreciation is a contra asset account. So it goes with the assets but works in reverse from normal assets. So the debit side won't be increases, but rather decreases. And the credit side will be the increases. And it will be grouped with the fixed asset that's being depreciated. This way, you'll be able to see the original value and all the depreciation that's been taken.


User Avatar
Wiki User
2014-09-30 15:57:57
2014-09-30 15:57:57

Accumulated depreciation will appear on the balance sheet just under the cost of those assets to give the net figure of the assets.

Related Questions

User Avatar

Accumulated depreciation is contra entry for assets that's why shown under liability section of balance sheet.

User Avatar

The accumulated deprecation is the all the depreciation amounts should be the accumulated depreciation.

User Avatar

Debit depreciation accountCredit accumulated depreciation

User Avatar

Accumulated depreciation and depreciation are related with each other as depreciation is annual expense while accumulated depreciation is the sum of all annual depreciation expenses.

User Avatar

[Debit] Depreciation account [Credit] Accumulated depreciation


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.