At their April 21, 2016 meeting, the Forsyth County Board of Commissioners proclaimed May 5, 2016 as âDay of Prayerâ in Forsyth County. All are invited to meet outside of the Forsyth County Courthouse in downtown Cumming at 10 a.m. on May 5, for observance of âDay of Prayer.â.
The accumulated depreciation account is an asset account with a credit balance (also known as a contra asset account); this means that it appears on the balance sheet as a reduction from the gross amount of fixed assets reported.
Making the world better, one answer at a time. Profit and loss sheet-show the depreciation for the current year only as an expense. Balance sheet-show the cost price of the asset less any accumulated depreciation from previous years and less the depreciation for the current year.Hope this helps.aking the world better, one answer at a time. Profit and loss sheet-show the depreciation for the current year only as an expense. Balance sheet-show the cost price of the asset less any accumulated depreciation from previous years and less the depreciation for the current year. Hope this helps.