Depreciation expense is an estimated allocation of the cost of long-term assets and is recorded in a contra-asset called accumulated depreciation.

Name: Depreciation expense is an estimated allocation of the cost of long-term assets and is recorded in a contra-asset called accumulated depreciation.
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Depreciation expense is indeed an estimated allocation of the cost of long-term assets and is recorded as a contra-asset in accumulated depreciation.

Depreciation Expense Is an Estimated Allocation of the Cost of Long-Term