An accumulated depreciation and depreciation expense are classified, respectively, as <u>expense, contra asset</u><u>.</u>
<u />
<h3>What is a Depreciation expense?</h3>
This refers to the reduction in the cost of the fixed asset used in the business operations to generate profits as a result of wear and tear. It is a form of non-cash expense that is reported in the income statement. While the accumulated depreciation represents the cumulative depreciation expensed charged ever since the asset was put to use.
In conclusion, the accumulated depreciation account is a contra=asset account that is shown as a reduction from the gross fixed assets in the balance sheet.
Read more about depreciation
brainly.com/question/25785586
#SPJ4
Answer:
a. The farmer plays a bigger role in the landscape than Icarus.
Explanation:
The answer would be Trade bloc
Los de la tercera generacion no estan conectados con sus raices como los de la primera generacion
Answer:
i can help u with the significance
Explanation:
peace help us to live long on the earth