Which of the following is the normal balance of an accumulated depreciation account?Debit balanceCredit balanceNil balance(A) or (B) (2024)

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A

Debit balance

B

Nil balance

D

(A) or (B)

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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.

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Which of the following is the normal balance of an accumulated depreciation account?Debit balanceCredit balanceNil balance(A) or (B) (2024)
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