Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what kind of account is accumulated depreciation?

What kind of account is Accumulated Depreciation? What is the normal balance to the account?...

50.1K

Verified Solution

Question

Accounting

What kind of account is Accumulated Depreciation? What is the normal balance to the account? Why is this account used when we depreciate fixed assets like Building, Equipment, etc?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

You are scheduled to receive annual payments of $8,600 for each of the next 27 years....

Basic Math
1.2K views

Find the family of curves orthogonal to: y4  =  k(x − 2)3.

Basic Math
1.2K views

Graph each of the lines in the following system to find the solution.y = -2x...

Calculus
1.2K views

Solve the equation in the complex number system x 5x 9 0 The solution set...

Calculus
1.2K views

a Factor f x x 5x 81x 405 into factors of the form x c...

Algebra
1.2K views

f x is a rational function given in both standard and factored forms Let f...

Algebra
1.2K views

Next question For the given function find the indicated function values Find the domain of...

Accounting
1.2K views

Income from operations for Division H is $220,000, and income from operations before service department...

Accounting
1.2K views

A company has the following information: Department A Department B Sales revenue $ 1,020,000 $...

Accounting
1.2K views

Rip Tide Company manufactures surfboards. Its standard cost information follows: Rip Tide has the following...

Accounting
1.2K views

The bookkeeper for Crane Company has prepared the following balance sheet as of July 31,...

Accounting
1.2K views

9) Explain activity-based management and how it differs from activity-based costing. 10) Identify some...