Is depreciation a debit or credit?

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Solution

In accounting, a depreciation account is a debit balance since it is an expense. And an offset to this is a credit balance for an accumulated depreciation, which is a contra entry.

Also see:

MCQs on Depreciation

What Is Depreciation?

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Is depreciation a debit or credit?

In accounting, a depreciation account is a debit balance since it is an expense. And an offset to this is a credit balance for an accumulated depreciation, which is a contra entry. Also see: MCQs on Depreciation What Is Depreciation?

In accounting, a depreciation account is a debit balance since it is an expense. And an offset to this is a credit balance for an accumulated depreciation, which is a contra entry.

Also see:

MCQs on Depreciation

What Is Depreciation?