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Accumulated Depreciation is an asset.
More specifically, it is a contra-asset. It is an asset, but if behaved contrary to a normal asset. So on the Balance Sheet, it can look like this: Cash 1,000 AR 1,500 Supplies 500 Building 80,000 Less Accumulated Depreciation 20,000 Total Assets 63,000 (which is 1,000 + 1,500 + 500 + 80,000 – 20,000) |
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