Accountancy, asked by adit630, 7 months ago

depreciation on factory building come under which account?​

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Answered by 45263
3

Answer:

Accumulated depreciation is an asset account with a credit balance known as a long-term contra asset account that is reported on the balance sheet under the heading Property, Plant and Equipment. The amount of a long-term asset's cost that has been allocated, since the time that the asset was acquired.

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Answered by simi495285
2

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