Accumulated Depreciation – Land Improvements

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

 

 

Accumulated Depreciation – Land Improvements

Accumulated depreciation Рland improvements is a contra account which represents the total amount of depreciation taken on land improvements. The said account will have a credit balance which will be netted against the cost incurred against improvements made to land when being reported in the company’s balance sheet under the head of non Рcurrent assets.

 

Get a quote now!