Why Does Accumulated Depreciation Has A Normal Credit Balance
Because, Accumulated Depreciation is a Contra Asset Account which is deducted from the closing balances of relevant Depreciating Assets on the Balance Sheet . As we know that assets have normal debit balance so a contra asset account is just the opposite of an asset account to find out the N et Realizable value of assets. The unfavourable, negative Disposal of Depreciating Assets . or unusual balance is debit for accumulated depreciation and it is made in case of