File contains a real life example (from The Coca-Cola Company) of accumulated depreciation.© BrainMass Inc. brainmass.com March 4, 2021, 8:02 pm ad1c9bdddf
While it may seem like the accumulated depreciation amount is for the replacement cost of an asset, it is not. To an accountant, according to Generally Accepted Accounting Principles (GAAP), accumulated depreciation is an expense.
Accumulated depreciation is the allowed reduction of the carrying amount of the assets on the balance sheet to ...
File contains a real life example (from The Coca-Cola Company) of accumulated depreciation.