What is the accumulated depreciation?

Sum of all depreciation expenses of a fixed asset

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Depreciation expenses

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Cost of depletion of assets

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Future value of fixed asset

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Solution

The correct option is A Sum of all depreciation expenses of a fixed asset
Accumulated depreciation is the total amount of a plant asset's cost that has been allocated to depreciation expense (or to manufacturing overhead) since the asset was put into service.

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Similar questions

A fixed asset was bought for Rs. 5,000. Its accumulated depreciation is Rs. 3,000 and rate of depreciation is 20%. Calculate its depreciation expenses for the current accounting period using reducing balance method?

Under which depreciation method the amount of depreciation expense remains same throughout the useful life of a fixed asset?

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and

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are Rs.

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. A machinery costing Rs.

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Q. Depreciation is a ________ shrinkage in the book value of a fixed asset.

Depreciation of fixed capital assets refers to :

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What is the accumulated depreciation?

The correct option is A Sum of all depreciation expenses of a fixed assetAccumulated depreciation is the total amount of a plant asset's cost that has been allocated to depreciation expense (or to manufacturing overhead) since the asset was put into service.

The correct option is A Sum of all depreciation expenses of a fixed asset
Accumulated depreciation is the total amount of a plant asset's cost that has been allocated to depreciation expense (or to manufacturing overhead) since the asset was put into service.