by Answerbag Staff on May 12th, 2010

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What does the accumulated depreciation amount represent?

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by David Sarokin on May 12th, 2010

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Accumulated depreciation is an accounting term for keeping track of the loss in value of a piece of equipment. If an item is purchased for $10,000 and depreciates at a rate of $1,000 each year, then after three years the accumulated depreciation amount is $3,000, leaving the item a current value of $7,000.
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Investopedia: Accumulated Depreciation
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What does the accumulated depreciation amount represent?

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What does the accumulated depreciation amount represent?

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