acc depreciation

Accumulated Depreciation (Acc Depreciation) is the total depreciation expense that has been recorded against a fixed asset over its useful life. It reflects the decline in the value of an asset as it ages or is used. This amount is tracked in a contra asset account and is subtracted from the asset’s original cost on the balance sheet. Accumulated depreciation helps businesses allocate the cost of long-term assets over time and ensures that financial statements accurately reflect the asset's book value.