It is possible that the asset is fully depreciated, and the accumulated depreciation is missing from the balance sheet. Often, you will not report the depreciation on your financial statement, but when you prepare your tax return, you enter the assets and then the depreciation is calculated.
So your income statement for the tax return shows the depreciation, and the offset goes to accumulated depreciation on your balance sheet. But since you didn't report the depreciation on your financial statement, the accumulated depreciation is missing on the balance sheet that you transfer to your tax return.
Look on your balance sheet on your tax return and directly underneath it should be the accumulated depreciation. If there is no entry, then once you add it you may find yourself in balance.
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