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How to Account For Accumulated Depreciation: Revision history

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21 March 2023

  • curprev 08:0708:07, 21 March 2023 Lukegao1 talk contribs 2,055 bytes +2,055 创建页面，内容为“ Accumulated depreciation is a contra-asset account used in accounting to reduce the value of an asset on the balance sheet. It represents the total amount of depreciation expense that has been recognized on an asset since it was acquired. To account for accumulated depreciation, you should follow these steps: 1. Determine the cost of the asset: The cost of the asset is the amount paid for it, including any additional costs incurred to bring it to its present…”
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