Chapter 3, Problem 10DQ

(a)

To determine

Explain the purpose of the depreciation expense and accumulated depreciation.

(b)

To determine

Describe the normal balance of the depreciation expense and accumulated depreciation.

(c)

To determine

Indicate whether it is customary for the balances of depreciation expense, and accumulated depreciation to be equal in amount.

(d)

To determine

Indicate the financial statement in which each of the given accounts would be appeared.