Accumulated Depreciation and Depreciation Expense

Financen31422 Jul, 2021Other

the cumulative depreciation which is charged on an asset throughout its life is termed out as or defined as the Accumulated Depreciation. Or the other words, you can say that it is the total amount of depreciation charged on any fixed asset which includes in it all the expenses in occurred on the fixed asset from the time it was purchased to till date. Though, the Accumulated Depreciation has a credit balance which means that it appears on the liabilities side of the balance sheet.