Accumulated depreciation is the total amount of the depreciation expenditure allocated to a particular asset since the asset was used. It is a contra asset account, i.e. a negative asset account that offsets the balance in the asset account with which it is usually linked. The accumulated balance of depreciation increases over time, adding the amount of the depreciation expense recorded during the current period.For INDAS Reference providing you link of ICAI Official study material website https://www.icai.org/post.html?post_id=17827
