Ask Experts Questions for FREE Help !
Ask
    palm7's Avatar
    palm7 Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 8, 2008, 04:25 PM
    Depreciation Expense and Accumulated Depreciation are classified, respectively, as
    Depreciation Expense and Accumulated Depreciation are classified, respectively, as
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
     
    #2

    Nov 8, 2008, 04:35 PM
    Homework...

    Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #3

    Nov 9, 2008, 03:08 PM

    Depreciation Epense is an Expense Account

    Accumulated Depreciation is a Contra Asset Account

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accumulated Depreciation and Depreciation Expense [ 10 Answers ]

I have accumulated depreciation and depreciation expense. Do they go together on the Asset side of the balance sheet? My balance sheet is not balancing! The accumulated depreciation is subtracted from the assets on my balance sheet. If I add the depreciation expense to the assets, my balance...

Depreciation Expense and Accumulated Depreciation are classified,respectively, as: [ 3 Answers ]

Depreciation Expense and Accumulated Depreciation are classified,respectively, as: a. expense, contra asset b. asset, contra liability c. revenues, asset d. contra assest, expense I think it is A

Accumulated depreciation [ 1 Answers ]

Adjusting entries for Dec. 2007 The buildings have a $10,000 residual value and a 40-year useful life. The straigh-line depreciation method is used. The building was purchased on July 6, 2006. Please, does anyone know how to work this problem?

Accumulated depreciation [ 1 Answers ]

Not sure if there is a trick or not? The question is to adjust the entries at the end month The info given is that :Office equipment is fully depreciated over a period of 5 years. (straight line depreciation) Cx bought only a typewriter for $ 421 for the month of July

Accumulated Depreciation [ 2 Answers ]

When journalizing after a company just purchases a piece of machinery, do you use accumulated depreciation or something else?:confused:


View more questions Search