The type of account and normal balance of “Accumulated Depreciation, Equipment” is
A. Asset, Credit.
B. Contra-asset, Credit.
C. Contra-asset, Debit.
D. Liability, Credit.
Answer:B
The type of account and normal balance of “Accumulated Depreciation, Equipment” is
A. Asset, Credit. B. Contra-asset, Credit. C. Contra-asset, Debit. D. Liability, Credit.