The Accumulated Depreciation's account balance is the sum of the depreciation expense recorded in past periods.

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The Accumulated Depreciation account is a contra-asset account that represents the total amount of depreciation expense recorded in past periods. As assets are depreciated, the amount of depreciation expense is recorded as a credit to the Accumulated Depreciation account, while the corresponding debit is recorded to the asset's depreciation expense account. Over time, the balance of the Accumulated Depreciation account increases as it represents the total amount of depreciation recorded in past periods.

The Accumulated Depreciation's Account Balance Is the Sum of the Depreciation