The process of allocating property, plant, and equipment's cost to expense over the period the asset is used is called:

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Depreciation is the process of allocating the cost of an asset over its useful life. This is typically done to match the expense of the asset to the revenue it generates over that same period of time. Repairs expense and interest are unrelated to the allocation of property, plant, and equipment's cost. Accumulation refers to the process of gathering or collecting data, and is not related to depreciation.

The Process of Allocating Property, Plant, and Equipment's Cost to Expense