Accounting Dictionary - Letter A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accumulated depreciation
represents an estimated cost of an asset that has been used in operations as of the end of an accounting period. Accumulated depreciation is a cumulative of all depreciation expenses recognized for a particular asset or asset group. Accumulated depreciation is an example of a contra asset account. This account is included in the assets section of the balance sheet under related fixed asset accounts.
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