What does accumulated depreciation mean?

accumulated depreciation meaning in Law Dictionary

the increasing loss of value on a secured item up to a certain date. When subtracted from the original value the book price is established. This is the expired worth of an asset.. AKA accured depreciation.

accumulated depreciation meaning in Business Dictionary

complete depreciation on a tangible asset built up up to a specified day. This quantity is subtracted through the original expense or valuation for the asset to reach at its book worth. Accumulated depreciation quantity signifies just the expired value of an asset; it really is neither cash nor every other types of asset that can be used to purchase another asset. Also called accrued depreciation.