Register now or log in to join your professional community.
The credit balance in Accumulated Depreciation Account is reflected in1. Income Statement2. Cash-Flow Statement3. Balance Sheet4. Statement of Changes in Equity
The accumulated Depreciation Account will be shown in Balance Sheet as
Gross Value of Fixed Assets
Less: Depreciation
to present the nett value of Fixed Assets in the Assets side of the Balance Sheet.
3 Balance Sheet, It is contra account that reduces the cost value and brings to depreciated value of any fixed operating asset.
The accumulated Depreciation Account will be shown in financial statement Blance sheet
Fixed Assets
Less: Depreciation
Less: Accumulated Depreciation
Accumulated Depreciation is a contra asset account to a fixed asset account. Means, it reduces the fixed asset's gross amount to come up with the book or current value. It appears on the balance sheet and is credited whenever a depreciation expense is recorded.
Accumulated Depreciation is a Balance Sheet Account so the credit balance in Accumulated Depreciation Account is reflected in Balance Sheet
accumulated depreciation comes to reduce the fixed assets actual value it is therefore reflected in the balance sheet of a company
Balance sheet (statement of financial position)
3 bs;;;;;;;;;;;;;;;;;;;;;;;;
ACCUMULATED DEPRECIATION ACCOUNT IS REFLECTED IN BALANCE SHEET
3. It will be showen in the Balance Sheet.
shown in Balance Sheet under (Fixed Assets)
