The portion of an asset that was consumed during a period is referred to an expired cost.

Name: The portion of an asset that was consumed during a period is referred to an expired cost.
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An expired cost is the portion of an asset that has been used or consumed during a specific period. This concept is used in accounting and financial reporting to track the decline in the value or usefulness of an asset over time.

The Portion of an Asset That Was Consumed During a Period