The accumulated depreciation account is what is called a contra-asset. account. That means that even though accumulated depreciation is reflected on the assets portion of the balance sheet, it in essence carries a minus sign..
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In accountancy, depreciation refers to two aspects of the same concept: The decrease in value of assets fair value depreciation The allocation of the cost of assets .
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Projected Balance Sheet Projected Balance Sheet Enter your Company Name here Historical Projected as of mm/dd/yyyy Assets Current Assets Cash in bank.