Saved Bookmarks
| 1. |
How Does Depreciation Affect The Income Statement? |
|
Answer» Accumulated DEPRECIATION does not directly affect net income but is instead the total amount of a company's depreciation expenses charged against its net income over the lifetime of an ASSET or group of assets. Accumulated depreciation is an asset ACCOUNT on the BALANCE sheet with a credit balance. Accumulated depreciation does not directly affect net income but is instead the total amount of a company's depreciation expenses charged against its net income over the lifetime of an asset or group of assets. Accumulated depreciation is an asset account on the balance sheet with a credit balance. |
|