Accumulated depreciation
An account showing the total amount of depreciation of an asset that has been accumulated to date. Total accumulated depreciation for an asset increases each year of its depreciable life. It is subtracted from the initial cost (or initial book value) of the asset, and the difference appears on the balance sheet as the asset’s current book value.
Whether or not the asset retains any book value after its depreciable life, depends on the accounting practice used, in particular whether accountants specified a residual value for the asset (a value that remains after all depreciation is taken) and also whether the remaining residual value is treated as a cash inflow.
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