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elearn.monroecollege.edu Accumulated Depreciation Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Expense Income Statement Credit Yes Expense Income Statement

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elearn.monroecollege.edu Accumulated Depreciation Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Expense Income Statement Credit Yes Expense Income Statement Debit Yes Asset Balance Sheet Credit Asset Balance Sheet Credit No Asset Balance Sheet Debit

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