What is ACCUMULATED DEPRECIATION?

The loss of value on an asset up to a specific date. When subtracted from the original value the book value is established. It is the expired value of an asset.. AKA accured depreciation.

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Related Legal Terms
DECLINING BALANCE DEPRECIATION, BOOK DEPRECIATION, ACCELERATED DEPRECIATION, SPLIT DEPRECIATION, UNITS-OF-OUTPUT DEPRECIATION, DEPRECIATION EXPENSE, RECAPTURE OF DEPRECIATION, BONUS DEPRECIATION, GENERAL DEPRECIATION SYSTEM (GDS), DEPRECIATION


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