Accumulated Depreciation: FAQ, Definition & Example

accumulated depreciation

ACCUMULATED DEPRECIATION – Accumulated depreciation is the complete depreciation for a set possession that has been charged to cost because that asset was gotten as well as made available for use. The accumulated depreciation account is a possession account with a credit rating equilibrium (also called a converse property account); this means that it shows up …

Read moreAccumulated Depreciation: FAQ, Definition & Example

%d bloggers like this: