- This topic has 3 replies, 2 voices, and was last updated 9 months, 1 week ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
- October 3, 2019 at 3:22 pm
why is the allowance for depreciation a credit balance? I thought since depreciation is treated as an expense it should be debited.
With regard to the previous question on tangible i was able to deal with it but i have to revise the chapter against to clear out some doubts.
October 4, 2019 at 8:28 amThe accumulated depreciation is always a credit balance because the reduces the value of the asset on the SOFP.
Viewing 4 posts - 1 through 4 (of 4 total)
You must be logged in to reply to this topic.