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What is the normal balance of each account

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Reference no: EM132902332

Question (a) Explain the purpose of the two accounts: Depreciation Expense and Accumulated Depreciation.

Question (b) What is the normal balance of each account?

Question (c) Is it customary for the balances of the two accounts to be equal in amount?

Question (d) In what financial statements, if any, will each account appear?

Reference no: EM132902332

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