Depreciation

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Description

The systematic allocation of the cost of an asset to expense during the periods of its useful life.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Depreciation

Learning Material

Covered in Topic(s)

 
Market Structure: Perfect Competition Monopoly and Monopolistic Competition
Plant & Intangible Assets
The Accounting Cycle: Accruals & Deferrals
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