Question

Which of the following is the normal balance of an accumulated depreciation account?

• A. Debit balance
• B. Credit balance
• C. Nil balance
• D. (A) or (B)

Answer 1

The correct option is B Credit balance

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.