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    College Accounting
  4. Exam
    Exam 5: Adjustments and the Worksheet
  5. Question
    On a Balance Sheet, Accumulated Depreciation-Equipment Is Reported
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On a Balance Sheet, Accumulated Depreciation-Equipment Is Reported

Question 3

Question 3

Multiple Choice

On a balance sheet, Accumulated Depreciation-Equipment is reported:


A) as a contra-asset on the Balance Sheet.
B) as a liability on the Income Statement.
C) as an expense on the Income Statement.
D) as owner's equity on the Balance Sheet.

Correct Answer:

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