A depreciation expense is a [blank] expense used to allocate the cost of the firm's long-lived assets (such as its plant and equipment)over the useful lives of the assets.

Question

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Depreciation expense is a non-cash expense because it does not involve an actual outflow of cash. Instead, it reflects the decrease in value of long-lived assets over time.

A Depreciation Expense Is a [Blank] Expense Used to Allocate