Identify the section of the balance sheet in which the following accounts would be located: Current Assets (CA), Long-Term Assets (LTA), Current Liabilities (CL), or Long-Term Liabilities (LTL).

Identify the section of the balance sheet in which the following accounts would be located: Current Assets (CA), Long-Term Assets (LTA), Current Liabilities (CL), or Long-Term Liabilities (LTL).

LTL

1.

Bonds payable (due in 4 years)

CL

2.

Interest payable

LTA

3.

Leased equipment

LTL

4.

Discount on bonds payable

5.

Accumulated depreciation on leased equipment

Stuck on number five. Please help.

Thanks