Question

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

Answer 1

Answer:

a.balance sheet in the property, plant, and equipment section.

Explanation:

Accumulated depreciation refers to the cumulative depreciation of an asset to a particular point in it's life. When an asset's useful life has elapsed the residual value of the assetbis called salvage value.

It is a contra asset, meaning it has a credit balance (asset normal balance is negative). The balance reduces till asset useful life is over.

Accumulated depreciation is a balance sheet item, and is represented under long term assets in the property, plant , and equipment section.