what do you mean acculmated depreciation?
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Answer Posted / varatharajan.k.s
The cumulative depreciation of an asset up to a single
point in its life. Regardless of the method used to
calculate it, the depreciation of an asset during a single
period is added to the previous period’s accumulated
depreciation to get the current accumulated depreciation.
An asset’s carrying value on the balance sheet is the
difference between its purchase price and accumulated
depreciation.
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