Final answer:
The amount of accumulated depreciation for the budgeted balance sheet can be obtained from the selling and administrative expense budget and the prior balance sheet.
Step-by-step explanation:
The amount of accumulated depreciation for the budgeted balance sheet can be obtained from the selling and administrative expense budget and the prior balance sheet.
Accumulated depreciation is a contra-asset account that shows the total decrease in the value of an asset over time due to wear and tear. To determine the accumulated depreciation, you would typically refer to the selling and administrative expense budget, as well as the prior balance sheet, which would show the depreciation expense from previous periods.
The amount of accumulated depreciation for the budgeted balance sheet can be obtained from the selling and administrative expense budget and the prior balance sheet. The selling and administrative expense budget will include depreciation expense for the period, which would need to be added to the existing accumulated depreciation from the prior balance sheet to arrive at the new total. It should be noted that accumulated depreciation is a contra asset account that represents the total depreciation of a company's fixed assets up to a specific date.