Accumulated Depreciation
Accumulated depreciation is a financial metric that represents the total amount of depreciation expenses that have been charged against a fixed asset over its useful life. It is an important metric for companies, as it reflects the total wear and tear of a fixed asset and indicates how much of its original value has been used up or consumed. It is usually considered as a non-cash item and is shown on the balance sheet of a company as a negative number. The value of accumulated depreciation is deducted from the original cost of the asset to calculate its net book value.
Additional Details
| Metric Name |
Type |
Default Period Type |
| accumulated_depreciation |
fin_statement |
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |