Problem: The type of account and normal balance of accumulated depreciation is: A) contra equity; debit B) contra asset; credit C) equity; credit D) liability; credit
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Problem Details
The type of account and normal balance of accumulated depreciation is:
A) contra equity; debit
B) contra asset; credit
C) equity; credit
D) liability; credit
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What scientific concept do you need to know in order to solve this problem?
Our tutors have indicated that to solve this problem you will need to apply the Adjusting Entries: Depreciation concept. You can view video lessons to learn Adjusting Entries: Depreciation. Or if you need more Adjusting Entries: Depreciation practice, you can also practice Adjusting Entries: Depreciation practice problems.
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