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    Crystian1's Avatar
    Crystian1 Posts: 1, Reputation: 1
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    #1

    Oct 4, 2007, 08:24 PM
    Accounting
    Is theaccumulated depreciation account closed to retained earnings?
    Hermansherman's Avatar
    Hermansherman Posts: 37, Reputation: 4
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    #2

    Oct 5, 2007, 10:38 AM
    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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