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What type of account is "Accumulated Depreciation"? a) Expense b) Contra asset c) Liability d) Revenue

What type of account is "Accumulated Depreciation"? a) Expense b) Contra asset c) Liability d) Revenue

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.1: Preparing An Income Statement
Problem 3AYU
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What type of account is "Accumulated Depreciation"? a) Expense b) Contra asset c) Liability d) Revenue
Transcribed Image Text:What type of account is "Accumulated Depreciation"? a) Expense b) Contra asset c) Liability d) Revenue
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