Tell me what is the difference between accumulated depreciation and depreciation expense?
Submitted by: MuhammadThe difference between accumulated depreciation and depreciation expense is that
☛ Accumulated depreciation: It is the total amount of depreciation that has been taken on a company's assets up to the date of the balance sheet
☛ Depreciation expense: It is the amount of depreciation that is reported on the income statement. Basically, it is the amount that corresponds only to the period of time indicated in the heading of the income statement.
Submitted by: Muhammad
☛ Accumulated depreciation: It is the total amount of depreciation that has been taken on a company's assets up to the date of the balance sheet
☛ Depreciation expense: It is the amount of depreciation that is reported on the income statement. Basically, it is the amount that corresponds only to the period of time indicated in the heading of the income statement.
Submitted by: Muhammad
Read Online Account Management Job Interview Questions And Answers
Top Account Management Questions
☺ | Role-specific Management Accountant Job Interview Questions: |
☺ | Tell me what is trial balance in accounting? |
☺ | Tell me how can you explain the basic accounting equation? |
☺ | Tell me what is “deposit in transit”? |
☺ | Explain dual aspect term in accounting? |
Top Accounts Categories
☺ | Accounting Interview Questions. |
☺ | Accounts Payable Interview Questions. |
☺ | Senior Accountant Interview Questions. |
☺ | Junior Accountant Interview Questions. |
☺ | Audit Interview Questions. |