Business, Legal & Accounting Glossary
Total depreciation of a non-current (fixed) asset, deducted from original cost to give net book value.
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.
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This glossary post was last updated: 10th August, 2019 | 6 Views.