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Accumulated depreciation is the total amount a company depreciates its assets, and depreciation expense is the amount a company's assets are depreciated for a single period. Essentially, accumulated depreciation is the total amount of a company's cost that has been allocated to depreciation expense since the asset or assets have been put into use. The accumulated depreciation account is an asset account on a company's balance sheet with a credit balance.
depreciation-decrease in value of an asset due to obsolescence or use. wear and tear. non-cash expense-an expense (such as depreciation) that is not paid for in cash. financial loss-loss of money or decrease in financial value. straight-line method, straight-line method of depreciation - (accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life. write-down, write-off - (accounting) reduction in the book value of an asset.