After initial recognition, PP&E is depreciated on a systematic basis over its useful life, which should be reviewed at least at each reporting date.

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Depreciation of Property, Plant, and Equipment (PP&E) is a systematic allocation of the depreciable amount of an asset over its useful life. The useful life and depreciation method should be reviewed at least at each annual reporting date to ensure they are still appropriate, as per accounting standards like IFRS and GAAP.

After Initial Recognition, PP&E Is Depreciated on a Systematic Basis