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An alternative term used for accumulated depreciation expenses?

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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/07/26

A and may be B>>>>>>>>>>>>>>>>>>>>>>>>

Syed  Muntazir
by Syed Muntazir , Accountant , AL BARAKAH DATES FACTORY LLC

It's option B. . . . . cumulative depreciation

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option A is the right answer.

Hisham Yasser Qasim
by Hisham Yasser Qasim , Senior ERP Consultant & Business Solution , Mohammad Al Habib Real Estate Co. | شركة محمد الحبيب العقارية

The amount of a long-term asset's cost that has been allocated to Depreciation Expense since the time that the asset was acquired. Accumulated Depreciation is a long-term contra asset account (an asset account with a credit balance) that is reported on the balance sheet under the heading Property, Plant, and Equipment.

Ansar Iqbal
by Ansar Iqbal , Lecturer , Apex college sambrial

Simple AnswerIts cumulative deprecation 

Waqas Talpur
by Waqas Talpur , Manager Internal Audit , Isra University And Hospital

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ernie rodriguez
by ernie rodriguez , Fire Suppression Designer/Estimator/Project Manager , Kidde Canada Inc.

my answer is B. cumulative depreaciation.

Nabin Kumar Dey Dey Nabin Kumar
by Nabin Kumar Dey Dey Nabin Kumar , Assistant Manager-Accounts Payable , Natlass Asia Construction Pvt. Ltd

Option (A)- Provision for Depreciation. Its a negative balance contra asset account which is created in order not to violate the cost principle. Remember your college days that we never knew much about Accummulate Depreciation but we knew it as Provision for depreciation but if you are into professional field for such now is know to us as Accummulated depreciation

Zuhaib Iqbal Qadri
by Zuhaib Iqbal Qadri , Accountant , Auto Z Automotive Group

Option B, what u think dear Ramzan?

Muhammad Waqas Yaseen
by Muhammad Waqas Yaseen , Clerk and Bookkeeper , AL NOOR AIR TRAVELS

Under Asset account particularly in Fixed Asset

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

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