accumulated depreciation
US /əˌkjuːmjəleɪtɪd dɪˌpriːʃiˈeɪʃən/
UK /əˌkjuːmjəleɪtɪd dɪˌpriːʃiˈeɪʃən/
1.
The total depreciation of an asset that has been charged as an expense since the asset was acquired.
:
•
The balance sheet showed a high amount of accumulated depreciation for the old machinery.
•
Understanding accumulated depreciation is crucial for assessing an asset's book value.