Accounting for IGCSE & O level - Accounting Procedures (Section 14 - No. 28)
How does depreciation expense affect the balance sheet?
Increases the value of assets and liabilities.
Decreases the value of assets and increases liabilities.
Decreases the value of assets.
Does not affect the balance sheet.
Explanation
Depreciation decreases the book value of an asset, which is reflected on the balance sheet.
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