Asked by
Sebastian Gonzales
on Nov 18, 2024
Verified
The normal balance of the accumulated depreciation account is a debit.
Normal Balance
The typical or expected balance of an account in double-entry bookkeeping, which is either debit for assets and expenses or credit for liabilities, equity, and revenue.
Accumulated Depreciation
The total amount of depreciation that has been charged on an asset since it was acquired, representing its decrease in value.
- Digest the core concept and operational mechanism of depreciation, along with an understanding of the calculation methods used.
Verified Answer
PK
Learning Objectives
- Digest the core concept and operational mechanism of depreciation, along with an understanding of the calculation methods used.
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