Which of the following accounts would appear on the income statement?
A)Accumulated Depreciation
B)Depreciation Expense
C)Fees Earned
D)Both B and C.

Question

Quizplus · Accepted Answer

Accumulated Depreciation is a contra-asset account that appears on the balance sheet and is not included in the income statement. Depreciation Expense and Fees Earned are both income statement accounts that report a company's revenue and expenses for a specific period of time.

Which of the Following Accounts Would Appear on the Income