Which accounting principle directs the depreciation process?

Name: Which accounting principle directs the depreciation process?
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Question

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The expense recognition principle directs the depreciation process as it requires that expenses be recognized in the accounting period that they are incurred, rather than when the cash is paid. Depreciation is the systematic allocation of the cost of a long-term asset over its useful life, and it is recognized as an expense in each accounting period.

Which Accounting Principle Directs the Depreciation Process