Question

Accumulated depreciation of a particular plant asset refers to:

half-yearly depreciation
total depreciation.
or neither?

Answer 1

The answer is : Total depreciation

For example, if you buy the Asset in January 2010 for 100,000 dollars with expected 10 years of usage.

Its annual depreciation would be : 100,000/10 = 10,000 dollars per years

In January 2015, the accumulated depreciation of that asset would be 10,000 dollars x 5 = 50,000 dollars