How is accumulated depreciation represented in the balance sheet? As a negative/credit asset or as a positive/debit liability? - Quora
![The following balance sheets and income statement were taken from the records of Rosie-Lee Company: Additional transactions were as follows: a. Sold equipment costing $21,600, with accumulated depreciation of $16,200, for $3,600. The following balance sheets and income statement were taken from the records of Rosie-Lee Company: Additional transactions were as follows: a. Sold equipment costing $21,600, with accumulated depreciation of $16,200, for $3,600.](https://content.bartleby.com/tbms-images/9781337115773/Chapter-14/images/15773-14-50p-question-digital_image_001.png)
The following balance sheets and income statement were taken from the records of Rosie-Lee Company: Additional transactions were as follows: a. Sold equipment costing $21,600, with accumulated depreciation of $16,200, for $3,600.
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LO 4.5 Prepare Financial Statements Using the Adjusted Trial Balance – v2 Principles of Accounting — Financial Accounting
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