Accounting - Accumulated Depreciation

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1.5 hours of video
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Full Transcript

Accumulated depreciation is the total amount of depreciation expense allocated to a specific asset since the asset was put into use. It is a contra-asset account – a negative asset account that offsets the balance in the asset account it is normally associated with. Click here to learn more about this topic: https://corporatefinanceinstitute.com/resources/knowledge/accounting/accumulated-depreciation/

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