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Depreciation Expense
The allocated portion of the cost of a tangible fixed asset that is charged as an expense in a reporting period, reflecting the usage and wear and tear of the asset.
Accumulated Depreciation
The total amount of a tangible asset's cost that has been expensed to depreciation over the asset's useful life, reflecting how much of the asset's value has been used up.
Consolidation Worksheet
A tool used in preparing consolidated financial statements, allowing a company to adjust and eliminate the transactions among its controlled entities.
Plant
In terms of fixed assets, it refers to the buildings, machinery, equipment, and property used in the operations of a business.
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