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Accumulated depreciation refers to the total amount of depreciation that has accumulated over the life of the asset. Depreciation expense refers to the amount of depreciation related to the specific period. When recording the two items, it will always appear as follows:
Debit: Depreciation Expense
Credit: Accumulated Depreciation
Here is some additional info on the topic for your reference:
A company needs to report depreciation accurately in its financial statements in order to achieve two main objectives. Firstly, to match its expenses with the ...