accumulated depreciation
Definition
Total depreciation on a tangible asset accumulated up to a specified date. This amount is subtracted from the original cost or valuation of the asset to arrive at its book value. Accumulated depreciation amount represents only the expired value of an asset; it is neither cash nor any other type of asset that can be used to buy another asset. Also called accrued depreciation.
accumulated depreciation is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
accumulated depreciation appears in the definitions of the following terms:
valuation account,
declining balance depreciation,
salvage value,
book value (BV),
cost basis,
accrued depreciation,
written down value (WDV),
actual cash value policy,
actual cash value,
tax basis
and
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