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What is accumulated depriciation

Answer Posted / tapan kumar roy

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.

Depreciation is the Profit & Loss item on the otherhand Accumulated depreciation is the Balance Sheet item.

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