How accumulated depreciation works, how it works on a business balance sheet, and how it affects your business taxes..
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The write-down of an asset's carrying amount on the balance sheet due to loss of value from usage and age. AKA the story of my life in Public Accounting..
In accountancy, depreciation refers to two aspects of the same concept: The decrease in value of assets fair value depreciation The allocation of the cost of assets .
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The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single .