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What type of account is accumulated depreciation

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Question -

1. What type of account is Accumulated depreciation? Your choices are asset, contra asset, liability, stockholder's equity, contra stockholder's equity, revenue, or expense.

2. What is the normal balance of accumulated depreciation? Your choices are Debit or Credit.

3. Which financial statement does accumulated depreciation appear on? Your choices are Income Statement, Statement of Retained Earnings, or Balance Sheet.

You should give one answer for each question above.

Reference no: EM131968644

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