Depreciation of the business is recorded in which of the following financial statement
Question
Solution 1
Depreciation of a business is recorded in the Income Statement and the Balance Sheet.
Income Statement: Depreciation is an expense, and like all other expenses, it is deducted from the revenue when calculating the net income of the business in the income statement.
Balance Sheet: Depreciati Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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