Is Accumulated Depreciation An Asset. Accumulated depreciation is the total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use. There are two variations of this:
Instead of keeping asset depreciation value a mystery, take more time to see how your assets are aging. The accumulated depreciation of an asset is also necessary to determine the taxable gain on the sale of an asset. The account type for both will be “fixed asset” and “expense” respectively note:
Accumulated Depreciation (Definition, Formula) How to Calculate?
Accumulated depreciation is the total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use. (1) the asset's depreciated cost, and (2) accumulated depreciation. (with exception of land assets). Accumulated depreciation is the total amount of depreciation expense recorded for an asset on a company's balance sheet.
