Opening amount for accumulated depreciation

Accumulated amortization and reduction are treated the same as accumulated depreciation.

• If this account is for a new asset, leave the Amount field blank.
• If this account is for an asset you've held for a while, enter the total accumulated depreciation for the asset, as of a date you choose. Enter the amount as a positive number. If you've depreciated the asset since that date, enter transactions for the depreciation. See Depreciate an asset.

Which date should you use?

Use the date when you want to start tracking the asset and its depreciation in QuickBooks. Often it is the end of your last accounting period.