Respuesta :
Accumulated Depreciation and Fees Earned would be sorted into Balance Sheet and Statement of Owner's Equity-Debit; and Income Statement-Credit.
What is an accumulated depreciation?
Accumulated depreciation is the accumulation of an asset's depreciation through a specific point in its lifetime. It is a contra asset account, which means that its proper balance is a credit that decreases the asset's overall value.
A corporation debits depreciation expenditures and credits accumulated depreciation when accounting for depreciation in the general ledger.
On the balance sheet, accumulated depreciation is recorded and shown underneath the line for associated capitalized assets.
Therefore, we can conclude that Accumulated Depreciation and Fees Earned would be sorted into the Balance Sheet.
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