Accumulated Depreciation appears on the

A) balance sheet in the current assets section
B) balance sheet in the property, plant, and equipment section
C) balance sheet in the long-term liabilities section
D) income statement as an operating expense

Accumulated Depreciation is a contra-asset account and it reduces the carrying value (or book value) of Property, Plant and Equipment. Therefore, it is listed on the balance sheet in the same section as the Property, Plant and Equipment it relates to, which is the property, plant, and equipment section. It is not listed in the current assets, long-term liabilities or on the income statement as an operating expense.