Depreciation is an accounting method that spreads out the cost ... Accumulated depreciation appears in a contra account on the balance sheet reducing the gross value of fixed assets reported.

Depreciation reduces asset values, enabling companies to decrease reported earnings and taxes. Several depreciation methods exist ... it gets used up, reducing its value to little or nothing.

Accelerated depreciation allows businesses to write off the cost of an asset more quickly than the traditional straight-line method ... tax relief it provides. By reducing taxable income in ...

Reviewed by David Kindness Fact checked by Kirsten Rohrs Schmitt Accumulated depreciation is the total amount of an asset's ...