Accumulated Depreciation: Definition and Examples

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses…

What is the accounting journal entry for depreciation?

Now let’s see how to calculate the depreciation expense for each of the depreciation methods. This formula uses the straight-line method, which evenly distributes depreciation over the asset’s useful life. Watch this short video to quickly understand the main concepts covered in this guide, including what accumulated depreciation is and how depreciation expenses are calculated….