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Accumulated Depreciation is what’s known as a “contra account,” or more specifically, a “contra-asset account.

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Mike Piper Quote: “Accumulated Depreciation is what’s known as a “contra account,” or more specifically, a “contra-asset account.”

“Accumulated Depreciation is what’s known as a “contra account,” or more specifically, a “contra-asset account.”

Mike Piper

Mike Piper Quote: “Accumulated Depreciation is what’s known as a “contra account,” or more specifically, a “contra-asset account.”
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