What Causes Accumulated Depreciation To Decrease
There is reduction in the value of Accumulated Depreciation in case of Disposal of Depreciating Assets as these are sold due to obsolescence, changer in technology, etc. As the estimated Useful Life of these Kinds / Types of Assets decreases so there is decline in the value of Accumulated Depreciation of Assets sold in the market. As these assets are sold, so we don’t need to record below Accounting Journal Entry for such assets: Depreciation Expense a/c - Depreciating Assets XXX Accumulated Depreciation a/c XXX Also, as the Accumulated Depreciation is the total of Depr...