Accumulated Depreciation - Equipment | Push Digits Chartered Accountants

Accumulated Depreciation – Equipment

Home - Dictionary of 1,000+ Accounting Terms - Accounting Terms – Letter A - Accumulated Depreciation – Equipment

 

 

Accumulated Depreciation – Equipment

Accumulated depreciation – equipment is a contra account which accumulates the amount of depreciation charged on equipment since the date the equipment was acquired by the company for business use.  The said account will have a credit balance which will be netted against the cost of equipment when being reported in company’s balance sheet.

 

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