Mar 31, 2014 · The depreciation reported on the balance sheet is the accumulated or the cumulative total amount of depreciation that has been reported as expense on the income statement from the time the assets ...

(An asset is something that has continuing value, like a computer, a car, or a piece of machinery.) It represents the decrease in the value of an asset over time, and depreciation is expressed in both the balance sheet and income statement of a business. Depreciation also affects your business taxes and is included on tax statements. The accounts involved in recording depreciation are Depreciation Expense and Accumulated Depreciation. As you see, cash is not involved. As you see, cash is not involved. In other words, depreciation reduces net income on the income statement, but it does not reduce the Cash account on the balance sheet. Question: Accumulated Depreciation Appears On The A.balance Sheet In The Long-term Liabilities Section B.income Statement As An Operating Expense C.balance Sheet In The Property, Plant, And Equipment Section D.balance Sheet In The Current Assets Section The First Item Appearing On The Statement Of Retained Earnings Is A.owner Withdrawals B.the Beginning Balance ...