Accumulated depreciation appears in a contra account on the balance sheet reducing the gross value of fixed assets reported. Accumulated depreciation represents the sum of all depreciation ...

The adjustments will typically affect both income-statement and balance-sheet accounts. For instance, depreciation is often recognized faster for tax purposes than it is for book purposes.

Accumulated depreciation is a running total of depreciation expense that's reported on the balance sheet. Both depreciation and accumulated depreciation relate to the "wearing out" of a company's ...