Is Accumulated Depreciation an Asset? How to Calculate It?
If the company depreciates the van over five years, Pocchie’s will record $12,000 of accumulated depreciation per year, or $1,000 per month. Other times, accumulated depreciation may be shown separately for each class of assets, such as furniture, equipment, vehicles, and buildings. When you sell an asset, the book value of the asset and the […]…