The total amount of depreciation expenses is recognized as accumulated depreciation on a company's balance sheet and is subtracted from the ... to sell for at the end of its useful life.) For example, ...

For example, under MACRS ... on the income statement and update the accumulated depreciation on the balance sheet. Depreciation is more than an accounting tool. It’s a strategic financial ...

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.