Question

Accumulated Depreciation appears on the

a. balance sheet in the current assets section
b. balance sheet in the property, plant and equipment section
c. balance sheet in the long-term liabilities section
d. income statement as an operating expense

Answer 1

Accumulated Depreciation appears on the balance sheet in the property, plant, and equipment section as a contra-asset account.

Step-by-step explanation:

The correct answer is b. balance sheet in the property, plant, and equipment section.

Accumulated Depreciation appears on the balance sheet in the property, plant, and equipment section. Accumulated Depreciation represents the cumulative amount of depreciation expense that has been recorded on an asset since it was acquired. It is a contra-asset account, meaning it is subtracted from the cost of the asset to determine its net book value.