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Home > Business & Careers > Accounting   »   Accounting

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Old Oct 4, 2007, 08:24 PM
Crystian1
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Accounting
is theaccumulated depreciation account closed to retained earnings?

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Old Oct 5, 2007, 10:38 AM   #2  
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Quote:
Originally Posted by Crystian1
is theaccumulated depreciation account closed to retained earnings?
No, accumulated depreciation account is a balance sheet account and is not closed to retained earnings

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CaptainForest agrees: Good answer
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