* This phone number available for 3 min is not the recipient's number but a number from a service which will put you through to that person. This service is produced by Kompass. Why this number ?
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.
âDepreciationâ is the loss in value or service life of fixed assets because of wear and tear through use, lapse. of time, inadequacy or obsolescence. Accounting for depreciation means recording an assetâs gradual loss. in value as depreciation expense over the useful life of the asset.