Accumulated Depreciation is found on which of the following financial statements?
A) Balance sheet
B) Income statement
C) Statement of Owner's Equity
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

Accumulated Depreciation is a contra-asset account and is presented on the balance sheet as a deduction from the related asset account. It represents the total amount of depreciation expense that has been taken on an asset since it was put into service. It is not found on the income statement or the statement of owner's equity.

Accumulated Depreciation Is Found on Which of the Following Financial