Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Type the correct answer in the box. Use numerals instead of words. If necessary, use / for the fraction bar.
What is the closing balance of the accumulated depreciation account?
Accumulated Depreciation Account
Date Item S
3,000
Item
S
Date
Jan 1, 2012
Balance b/f
1,000
Dec 31, 2012 Depreciation Account 2,000
3,000
The closing balance of the Accumulated depreciation account is $
