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Accumulated depreciation is found on the balance sheet. This financial statement presents a company's financial position at a specific point in time and includes assets, liabilities, and shareholders' equity. Accumulated depreciation is a contra asset account that reduces the carrying value of fixed assets, such as property, plant, and equipment. It represents the total amount of depreciation expense that has been allocated to the asset since it was acquired.

The balance sheet provides a snapshot of the company's resources and obligations, and by showing accumulated depreciation alongside fixed assets, it helps investors and analysts assess the net value of those assets. This information is crucial for understanding how much depreciation has already been accounted for, which can affect future earnings as these assets are used.

Other financial statements serve different purposes: the income statement reports revenue and expenses over a period, the cash flow statement outlines cash movements, and the statement of shareholders' equity details changes in equity. Thus, the balance sheet is the appropriate context for accumulated depreciation.