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View Full Version : Depreciation Expense is reported on the balance sheet as an addition to the related a

17jorge17
May 5, 2012, 04:40 PM
Depreciation Expense is reported on the balance sheet as an addition to the related asset.
True
False
pready
May 5, 2012, 05:15 PM
Expenses are reported on the Income Statement.

Accumulated Depreciation is reported on the balance sheet and it is a contra asset account.