Equipment, buildings, and vehicles are:

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Equipment, buildings, and vehicles are typically depreciated over their useful life. Depreciation is the process of allocating the cost of an asset over its useful life. This is done to reflect the declining value of the asset as it is used over time. Amortization is similar to depreciation, but it is used for intangible assets such as patents or copyrights. Depletion is used for natural resources such as oil or timber. Expensing is the immediate recognition of an expense on the income statement rather than capitalizing it as an asset.

Equipment, Buildings, and Vehicles Are