Is Accumulated Depreciation a Fixed Asset?

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Solution

Accumulated depreciation refers to the total of all the expenses that are accounted for the fixed asset till date. It is not considered as an asset or a liability.

Also read:

What Is Depreciation

Fixed Assets Vs Current Assets

Intangible Assets

Difference Between Assets and Liabilities

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	₹		₹
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Non-current Investments	10,000	Long-term Loans and Advances	40,000
Current Assets	2,50,000	Current Liabilities	2,00,000
Long-term Borrowings	3,00,000	Long-term Provisions	1,00,000

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Non-current Investments	14,000	10% Long-term Borrowings	4,20,000
Long-term Loans and Advances	56,000	Long-term Provisions	1,40,000

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