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-   -   Depreciation Expense is reported on the balance sheet as an addition to the related a (https://www.askmehelpdesk.com/showthread.php?t=657601)

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

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

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