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  • Oct 4, 2007, 08:24 PM
    Crystian1
    Accounting
    Is theaccumulated depreciation account closed to retained earnings?
  • Oct 5, 2007, 10:38 AM
    Hermansherman
    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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