What is a depreciation expense?
A long-term asset that will be used for several years-for example, a vehicle, machine, or building-appears on the balance sheet.Its cost is spread over its useful life-the number of years that it will be used.Its annual allocated cost appears on the income statement as a depreciation expense.

Question

Quizplus · Accepted Answer

The Answer of What is a depreciation expense?
A long-term asset that will be used for several years-for example, a vehicle, machine, or building-appears on the balance sheet.Its cost is spread over its useful life-the number of years that it will be used.Its annual allocated cost appears on the income statement as a depreciation expense.

What Is a Depreciation Expense