Question

Accumulated Depreciation will appear as a deduction within the section of the balance sheet labeled as Property, Plant and Equipment.

True
False

Answer 1

False, accumulated depreciation does not appear as a deduction within the section of the balance sheet labeled as Property, Plant, and Equipment.

Step-by-step explanation:

False

The accumulated depreciation does not appear as a deduction within the section of the balance sheet labeled as Property, Plant, and Equipment. Instead, it appears as a separate line item in the non-current assets section or as a contra asset account subtracted from the total value of Property, Plant, and Equipment. Accumulated depreciation represents the cumulative depreciation expense charged against an asset over its useful life.

For example, if a company has property, plant, and equipment with a total value of $500,000 and accumulated depreciation of $100,000, the net value of the assets would be $400,000 ($500,000 - $100,000).