Depreciation is normally associated with which asset on the balance sheet?
A) equipment
B) inventory
C) land
D) accounts receivable

Name: Depreciation is normally associated with which asset on the balance sheet? A) equipment B) inventory C) land D) accounts receivable
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Question

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Depreciation is the gradual decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors. Equipment is the most common asset on the balance sheet that is subject to depreciation.

Depreciation Is Normally Associated with Which Asset on the Balance