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if accumulation depreciation accounts are a normal credit balance are the depreciation expense accounts a normal...

if accumulation depreciation accounts are a normal credit balance are the depreciation expense accounts a normal debit or credit?

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Answer #1

Accumulated depreciation is the total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use. The accumulated depreciation account is an asset account with a credit balance (also known as a contra asset account). It appears on the balance sheet as a reduction from the gross amount of fixed assets reported.

Thus Accumulated depreciation account has a normal credit balance and shown as a reduction from the gross amount of fixed assets.

Depreciation expense is a fixed non cash charge against income for the use of property, plant and equipment. It has a normal debit balance (as it is an expense).

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