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accumulated dep

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accumulated dep

Understand accumulated depreciation and how it impacts your financial statements. Learn how this contra asset account tracks the total depreciation expense over time, reducing the book value of fixed assets like equipment and buildings. Discover how accumulated depreciation is calculated, presented on the balance sheet, and its effect on taxable income and asset management
By: 360 Accounting Pro
03-Mar-2025 10:56 am
Business & Services
User Website : https://www.360accountingpro.com/blog/understanding-accumulated-depreciation-type-of-account-explained

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