If you must make a choice between classifying accumulated depreciation as an asset or liability, it should be considered an asset, simply because that is where the account is reported in the balance sheet..
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Refresh Waters is Australia's largest supplier of distilled drinking water. Refresh Plastics is capable of producing any plastic product up to 210-litre..
May 2008 student accountant 59 GLOSSARY OF TERMS Accumulated depreciation The total amount of depreciation charged on an asset from its acquisition to date..
Note: Reference cited below, FAS130, remains the most current accounting literature in the United States on this topic. In 1997 the United States Financial Accounting .
The Federal Reserve Board of Governors in Washington DC..