An offset to property, plant, and equipment (PPE) reflecting the amount of the cost of PPE that has been allocated to current and previous accounting periods.Related Terms: Depreciation 

See Accrued Depreciation.

The amount of a long-term asset's cost that has been allocated to Depreciation Expense since the time that the asset was acquired. Accumulated Depreciation is a long-term contra asset account (an [..]

Definition The depreciation that has taken place on a particular asset up to the present time.

Total DEPRECIATION pertaining to an ASSET or group of assets from the time the assets were placed in services until the date of the FINANCIAL STATEMENT or tax return. This total is the CONTRA ACCOUNT [..]

The total amount the value of fixed assets has decreased to date due to general wear and tear or obsolescence.

The fixed-asset valuation account resulting from depreciation provisions; also known as reserve for depreciation, accrued depreciation, and allowance(s) for depreciation.

is the sum total of the depreciation recorded for certain assets.

Depreciation is the decline in an asset’s value because of use, wear and tear, or obsolescence. Accumulated depreciation is the total depreciation currently recorded on an asset. It is the cumulative [..]

An account to which estimated depreciation is added.

Accumulated depreciation is the cumulative depreciation of an asset up to a single point in its useful life. An asset’s book value is the difference between its purchase price and accumulated deprec [..]

  The total amount of depreciation for a plant asset that has been recorded up to a specific point in time. accumulated earnings

Total depreciation pertaining to an asset or group of assets from the time the assets were placed in services until the date of the financial statement or tax return. This total is the contra account [..]

A contra-asset valuation account used to record the accumulation of periodic credits made to reflect the expiration of the estimated useful life of capital assets.

A contra-asset on the balance sheet representing the total depreciation of an asset that built up over its time in use. Equal to the sum of all previous depreciation expense for the asset.

 The contra asset account that reflects depreciation expense taken in the current and previous periods.

Accumulated depreciation is the total depreciation calculated for an asset from the date of its purchase to the reporting date. In other words, it is the total estimated consumption of the asset value [..]

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