An accumulated depreciation account
A) is a contra-liability account.
B) increases on the debit side.
C) is offset against total assets on the balance sheet.
D) has a normal credit balance.

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra-asset account and has a normal credit balance. It is used to record the total amount of depreciation expense that has been recognized on the company's fixed assets over time.

An Accumulated Depreciation Account