Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. why is accumulated depreciation considered an asse

Why is accumulated depreciation considered an asset if it is a credit account?

80.2K

Verified Solution

Question

Accounting

Why is accumulated depreciation considered an asset if it is a credit account?

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

Biology
1.2K views

Why are typical bacteria and cyanobacteria classified together in the Domain Bacteria How do they...

Advance Math
1.2K views

Using Java (Swing) language(please hard code)... Create a program that has a textfield for the user...

Biology
1.2K views

The two major bacterial classes (i.e. Gram-positive and Gram-negative) are known to exhibit different sensitivities to antibiotics...

Physics
1.2K views

A wire made from tungsten is 4.5 m long and 0.45 mm in diameter. What is...

Physics
1.2K views

38 If the gravitational acceleration at s Earth is g then increase in potential lifting...

Algebra
1.2K views

Solve.3x + 3y + z = 5x-3y + 2z=18x-2y+3z=4The solution set is {}(Type an ordered...

Algebra
1.2K views

8 92x 92x 59x4 42x 40x5 18x 42x 98x A 73x 59x 60x 190x 42x...

Accounting
1.2K views

1. what would "negative contribution margin" mean?2. if a company like panera or mcdonalds replaces...

Accounting
1.2K views

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that...

Accounting
1.2K views

Burich Company reported short-term borrowings of $4.20 million, long-term borrowings of $6.97 million, repayments of...

Accounting
1.2K views

Question 15 Not yet answered Marked out of 2 P Flag question Rodgers Company compiled...

Finance
1.2K views

(Related to Checkpoint 9.2 and Checlpoint 9.3) (Bond valuation relationships) The 19 yoar, $1,000 par...