Accumulated Depreciation Balance Sheet
It is usually reported as a single line item but a more detailed balance sheet might list several accumulated depreciation accounts one for each fixed asset type. On December 31 2017 what is the balance of the accumulated depreciation account. Balancesheet Excel Business Insights Group Ag Web A companys balance sheet represents its financial health and position of it at a given time. . Notice how the Owners Equity at the top of the statement balances with the Net Assets at the bottom of the statement. Web This also shows the assets net book value on the balance sheet. If your Balance Sheet doesnt balance youve got a problem. These assets are sometimes referred to as fixed assets plant assets long-lived assets and capital assets. Alternatively it is just an allocation process as per the matching principle instead of a technique that determines the fair market value of the fixed asset. It is calculated by summing up the depr
