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
Critics of the Affordable Care Act argue that it may decrease adverse selection but increase moral hazard.
The Affordable Care Act or ACA or nickname Obamacare is a reform law enacted in March 2010, it provides consumers with subsidies that lower cost for households.
To get all the needed votes in on time
Based on the stage of psychosocial development, the
developmental crisis that Levi is learning to resolve is the industry vs inferiority.
This stage is considered to be the fourth stage of psychosocial development in which
it covers of how the child’s peer will hold a great significance in his or her
self-esteem. This is also the stage where the child reinforces initiative
after being encourage and that if they don’t develop the certain skill, they
develop the sense of inferiority. The correct answer is letter A.
<span />
