What is the effect on a company's balance sheet equation when depreciation expense is recognized?

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Mahyarshemshaki1160viz Mahyarshemshaki1160viz

Economics

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What is the effect on a company's balance sheet equation when depreciation expense is recognized?

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On the balance sheet, depreciation expense decreases the value of assets and accumulated depreciation, the contra account for depreciation expense, holds this value so the effect of depreciation expense on the balance sheet is negative.

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