Depreciation expense is located on the:
A)Income statement
B)Balance sheet
C)Income statement and Balance sheet
D)None of these
E)None of these.

Name: Depreciation expense is located on the: A)Income statement B)Balance sheet C)Income statement and Balance sheet D)None of these E)None of these.
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Question

Quizplus · Accepted Answer

Depreciation expense is reported on the income statement as it represents the allocation of the cost of tangible assets over their useful lives.

Depreciation Expense Is Located on The