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Isabel Martin
on Oct 16, 2024

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Depreciation expense for a period is the portion of a plant asset's cost that is allocated to that period.

Depreciation Expense

Depreciation expense is the allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Plant Asset

Long-term assets such as buildings, machinery, and equipment used in the operations of a business.

Allocated

The process of assigning or distributing resources, costs, or revenues to various accounts or cost centers based on a specific criterion or formula.

  • Acquire knowledge about the principle of depreciation and its application in accounting practices.
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Amaya TorresOct 22, 2024
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