What is Accumulated Depreciation - Equipment?

Accumulated depreciation – equipment is the aggregate amount of depreciation that has been charged against the equipment asset. The account has a natural credit balance. The balance in this account is paired with the equipment fixed asset account to arrive at the net book value of all equipment. When equipment is sold, the associated amount of accumulated depreciation is removed from the accumulated depreciation – equipment account.

Presentation of Accumulated Depreciation - Equipment

The balance in the accumulated depreciation - equipment account is usually aggregated with the other accumulated depreciation accounts, so that only a single accumulated depreciation line item appears in the balance sheet. This line item is paired with and offsets the fixed assets line item on the balance sheet.