Need help on page Pg 79 no 17.14Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Need help on page Pg 79 no 17.14This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts October 3, 2019 at 3:22 pm #548029 farhaanmParticipantTopics: 165Replies: 73☆☆☆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 am #548099 John MoffatKeymasterTopics: 57Replies: 54701☆☆☆☆☆The accumulated depreciation is always a credit balance because the reduces the value of the asset on the SOFP. October 4, 2019 at 5:57 pm #548123 farhaanmParticipantTopics: 165Replies: 73☆☆☆yes if i view it like that its definitely credit. thx October 4, 2019 at 6:10 pm #548130 John MoffatKeymasterTopics: 57Replies: 54701☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In