Since the balance of the Accumulated Depreciation account will appear on the asset side of the balance sheet,it is placed on the debit side of the work sheet's Balance Sheet columns.

Question

Quizplus · Accepted Answer

Since the Accumulated Depreciation account is a contra-asset account, its balance appears on the credit side of the balance sheet, and thus it should be placed on the credit side of the worksheet's Balance Sheet columns.

Since the Balance of the Accumulated Depreciation Account Will Appear