Accumulated Depreciation

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Accumulated Depreciation

Astute Accountant
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03-29-2008, 09:23 PM

No, accumulated depriciation isn't a liability; it's a charge against the profit in a particular accounting period so that the cost of an asset is spread evenly over the accounting periods which benefit from the use of the asset.

BTW, where did you read that depriciation is a liability?

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Accumulated Depreciation - by Checkmated - 03-28-2008, 09:13 AM

[No subject] - by 4thelement - 03-28-2008, 07:06 PM

[No subject] - by Astute Accountant - 03-29-2008, 09:23 PM

[No subject] - by Checkmated - 04-21-2008, 08:20 AM

[No subject] - by Muhammad Amir - 04-21-2008, 07:07 PM

[No subject] - by drinkingeyez - 09-05-2009, 01:28 AM

[No subject] - by awaisaftab - 09-05-2009, 01:34 PM

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