14 сент. 2016 г. · Accumulated depreciation is a contra asset account, which means it's an asset that works in reverse to normal assets. So asset accounts would ...

26 июн. 2016 г. · Accumulated depreciation is an asset account. Because it offsets the balance of assets, it sometimes called a contra asset.

27 сент. 2019 г. · An example of a contra asset is accumulated depreciation which has a credit balance. The assets, shown at historical cost, are reduced by ...

2 нояб. 2017 г. · An example is accumulated depreciation-equipment. It is a contra asset account. It has a credit balance and offsets the historical cost of the ...

10 апр. 2019 г. · The accumulated depreciation account is a credit because it lowers the value of an asset. And that's why it's called a contra-asset account.

17 июл. 2018 г. · Accumulated depreciation is a Contra Asset Account and is reported on the Balance Sheet. Every-time you depreciate the asset, the account ...

13 апр. 2018 г. · A contra account is an account that offsets the value of another account. An example is accumulated depreciation-equipment. It is a contra asset ...

25 мая 2020 г. · Accumulated depreciation is a contra asset account which means it is increased with credits and decreased with debits.

24 февр. 2021 г. · Accumulated depreciation is a contra asset account, which means it serves to reduce the carrying value of the historical cost of an asset.

16 авг. 2015 г. · Accumulated depreciation is reported on the balance sheet as a contra asset that reduces the net book value of the capital asset section.