The periodic expense that is used for the allocation of the cost of equipment to the periods in which it is used, representing the expense of using the asset, is called

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Depreciation expense is the periodic expense used to allocate the cost of equipment over the periods in which it is used. Accumulated depreciation is the total amount of depreciation that has been recorded for an asset, while a contra account is an account that offsets a related account. Investment expense refers to expenses incurred in the process of investing funds for a company.

The Periodic Expense That Is Used for the Allocation of the Cost