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Why is accumulated depreciation a credit balance?
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The following balance sheets and income statement were taken from the records of Rosie-Lee Company: Additional transactions were as follows: a. Sold equipment costing $21,600, with accumulated depreciation of $16,200, for $3,600.
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How is accumulated depreciation represented in the balance sheet? As a negative/credit asset or as a positive/debit liability? - Quora
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Why is accumulated depreciation a credit balance?
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Solved] Here are the most recent balance sheets for Country Kettles.... | Course Hero
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