Accrued Depreciation

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Accrued Depreciation (depreciación acumulada)

In accounting, a bookkeeping account that shows the total amount of depreciation taken on 1. an asset since it was acquired; also called accumulated depreciation. (See depreciation [tax].)

For appraisal purposes, the difference between the cost to reproduce the property (as of the 2. appraisal date) and the property’s current value as judged by its “competitive condition.” In this context, accrued depreciation is often called diminished utility. (See book value, depreciation [appraisal].)

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