Depreciation Expense Income Statement Or Balance Sheet

Depreciation Expense Income Statement Or Balance Sheet - Depreciation on the income statement is an expense, while it is a contra account on the balance sheet. The nature of depreciation is a 'contra account' on the balance sheet, while it is an expense on the income statement. This means that it is a deduction.

This means that it is a deduction. Depreciation on the income statement is an expense, while it is a contra account on the balance sheet. The nature of depreciation is a 'contra account' on the balance sheet, while it is an expense on the income statement.

This means that it is a deduction. Depreciation on the income statement is an expense, while it is a contra account on the balance sheet. The nature of depreciation is a 'contra account' on the balance sheet, while it is an expense on the income statement.

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This Means That It Is A Deduction.

Depreciation on the income statement is an expense, while it is a contra account on the balance sheet. The nature of depreciation is a 'contra account' on the balance sheet, while it is an expense on the income statement.

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