Depreciation on the Balance sheet

I’m not an accountant so I would need to refer this to my colleague.

In general any nominal account between 1-2999 (assets and liabilities) will show as an asset if in debit and a liability if in credit. I’m not sure of any special rules that are applied to the depreciation codes?

If you don’t mind I will send you a PM to get some more info on your account.


My colleague referred me to the following posts: