All of the following accounts are considered to be fixed assets on the balance sheet except:
A) buildings
B) equipment
C) depreciation
D) machinery

Question

Quizplus · Accepted Answer

Depreciation is not a fixed asset, but rather an accounting method used to allocate the cost of fixed assets over their useful lives. Buildings, equipment, and machinery are all examples of fixed assets that are listed on the balance sheet.

All of the Following Accounts Are Considered to Be Fixed