Why is depreciation that has been recognized over the life of an asset shown in a contra

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Why is depreciation that has been recognized over the life of an asset shown in a contra account? Why not just reduce the asset account?

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 04:27 AM

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Why is depreciation that has been recognized over the life of an asset shown in a contra

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Recording the depreciation recognized in the contra asset account allows th...View the full answer

Survey of Accounting

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