Question
Asked Feb 14, 2019
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Accumulated Depreciation
1) Why does it appear in Assets on Balance Sheet?
2) Is it an expense and how does it affect the accounting equation
3) Does it appear only on the Balance Sheet
4) Does it have a DR or CR balance

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Expert Answer

Step 1

1.

Depreciation is a contra account (asset) in order to get the value of total of net fixed assets it has to be r...

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