Why does accumulated depreciation have a credit balance on the balance sheet?

ContentAccumulated Depreciation and the Sale of a Business AssetAccumulated Depreciation on Your Business Balance SheetWhat Kind of Account is Accumulated Depreciation?Presentation of Accumulated DepreciationAssets, Liabilities, Equity: ComparisonIs Accumulated Depreciation an…

WeiterlesenWhy does accumulated depreciation have a credit balance on the balance sheet?