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It is the end of the month, and you are reviewing your company's Trial Balance Report. As part of your review, you notice that Depreciation
It is the end of the month, and you are reviewing your company's Trial Balance Report. As part of your review, you notice that Depreciation Expense has a credit balance.
Is this noteworthy?
Depreciation Expense is a noncash item, so no additional review is required.
Depreciation Expense does not normally have a credit balance, so additional review is needed.
Depreciation expense is not typically seen on the Trial Balance Report so additional review is needed.
Depreciation Expense normally has a credit balance, so no additional review is required.
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