accumulated depreciation

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Accumulated Depreciation

The total depreciation on an asset, and not simply the depreciation that is added each year. One may calculate the accumulated depreciation by subtracting the original value of the asset from its current book value or by multiplying the yearly depreciation by the number of years the asset has been held.

accumulated depreciation

The total amount of depreciation that has been recorded for an asset since its date of acquisition. For example, a computer with a 5-year estimated life that was purchased for $2,000 would have accumulated depreciation of $800 [( $2,000/5 ) × 2] and a book value of $1,200 ($2,000 - $800) after 2 years of straight-line depreciation. Also called depreciation reserve.

accumulated depreciation

Also called accrued depreciation.

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03 Average Common Shares Outstanding 8,620,212 8,648,029 8,621,833 8,649,073 CONSOLIDATED BALANCE SHEETS (Unaudited) (Thousands of Dollars) June 30, ASSETS 2000 1999 Plant and Equipment $545,306 $526,699 Less Allowance for Depreciation 204,229 189,059 Net Plant 341,077 337,640 Investments 11,221 12,476 Current Assets 99,473 92,128 Deferred Charges and Other Assets 35,226 35,197 $486,997 $477,441 CAPITALIZATION AND LIABILITIES Capitalization: Common stock equity $140,748 $133,779 Preferred stock 850 879 Long-term debt 216,530 217,516 Total Capitalization 358,128 352,174 Current Liabilities 39,889 46,427 Deferred Credits, including income taxes 88,980 78,840 $486,997 $477,441
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