What is an account offset against another account called? For example, if the original cost of a piece of equipment is $50,000 and the balance in the accumulated depreciation account for thee equipment is $5,000, what type of account is the accumulated depreciation account?

What is an account offset against another account called? For example, if the original cost of a piece of equipment is $50,000 and the balance in the accumulated depreciation account for thee equipment is $5,000, what type of account is the accumulated depreciation account?

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Description: What is an account offset against another account called? For example, if the original cost of a piece of equipment is $50,000 and the balance in the accumulated depreciation account for thee equipment is $5,000, what type of account is the accumulat

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter3: Review Of A Company's Accounting System

Section: Chapter Questions

Problem 19GI

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