The Accumulated Depreciation account allows us to reduce the carrying value of assets through depreciation,while maintaining the original cost of each asset in the accounting records.

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The Accumulated Depreciation account is used to reduce the carrying value of assets over time due to their use, wear and tear, or obsolescence. This allows for a more accurate representation of the value of the asset on the balance sheet. However, the original cost of the asset is still recorded in the accounting records, typically in the Property, Plant, and Equipment account.

The Accumulated Depreciation Account Allows Us to Reduce the Carrying