# Accumulated depreciation

> Accumulated depreciation — The contra-asset holding every dollar of a fixed asset's cost already charged to depreciation — credited each period, presented beneath the asset's cost, and removed with the asset when it is sold or scrapped.

Source: https://lopifi.com/glossary/accumulated-depreciation
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is accumulated depreciation?** In accounting, accumulated depreciation means the contra-asset holding every dollar of a fixed asset's cost already charged to depreciation — credited each period, presented beneath the asset's cost, and removed with the asset when it is sold or scrapped.

## Words this system refuses for it

- depreciation reserve
- depreciation (the period's charge)

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [depreciation-schedule](https://lopifi.com/md/components/depreciation-schedule)
- **Related:** depreciation, fixed-asset, period, asset