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What does the credit balance in the accumulated depreciation account represent?

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User Mwchase
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the credit balance in the accumulated depreciation account represent: the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
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User Rang
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