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what do you mean acculmated depreciation?
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Answer Posted / hrs bhagi
Accumulated Depreciation on any asset or any class or group of assets is the total amount of depreciation charged on that asset or that class or group of assets from the beginning till a particular date (i.e. till the date up to which depreciation is calculated); usually up to the end of a particular accounting period( An Accounting month, quarter, Half Year or Year). Gross Value of Assets & Accumulated Depreciation are presented in the Balance Sheet.whereas the depreciation charged for an accounting period is debited to the P&L A/c of that year
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