Define: Accumulated Depreciation

UK Accounting Glossary

Definition: Accumulated Depreciation

Quick Summary

Total depreciation of a non-current (fixed) asset, deducted from original cost to give net book value.

What is the dictionary definition of Accumulated Depreciation?

Dictionary Definition

Accumulated Depreciation (also known as aggregate depreciation) is the total amount of the depreciation written off the cost price or valuation of a fixed asset since it was brought into the balance sheet of an organisation.

Full Definition

Accumulated Depreciation FAQ's