Q172
Which of the following is the normal balance of an accumulated depreciation account?
A.
Debit balance
B.
Credit balance
AnswerC.
Nil balance
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
Credit balance is the normal balance of an accumulated depreciation account. Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset.