Accumulated Depreciation

Tax Glossary Definition

Accumulated Depreciation

The total amount of depreciation charged on a fixed asset since its acquisition, reflecting the asset’s reduction in value over its useful life. It appears as a contra-asset account on the balance sheet, reducing the asset’s book value.

Example: Machinery purchased for ₹10 lakh with total accumulated depreciation of ₹4 lakh → book value ₹6 lakh.

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