Phrases with «accumulated depreciation»

"Accumulated depreciation" refers to the total amount of depreciation that has been recorded over the lifespan of an asset. It represents the gradual decrease in value of an asset over time due to factors like age, wear and tear, or obsolescence. It is shown as a negative value on a company's balance sheet and helps determine the net value of an asset. Full definition

depreciation (parent phrase)

accumulated depreciation

Sentences with «accumulated depreciation»

In the example, debit depreciation expense by $ 4,000 and credit accumulated depreciation by $ 4,000 each year. (bizfluent.com)
The value of capital assets recorded on the balance sheet less accumulated depreciation or amortization. (hsbc.ca)
Then annually, debit depreciation expense by the amount of depreciation and credit accumulated depreciation by the amount of depreciation. (bizfluent.com)
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Phrases with «accumulated depreciation»

Sentences with «accumulated depreciation»

See also