Depreciating an asset means recognizing the cost of the asset as an expense over more than one accounting period.

Name: Depreciating an asset means recognizing the cost of the asset as an expense over more than one accounting period.
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Depreciation allows for the cost of an asset to be spread out over its useful life rather than expensed all at once. This is typically done to better match expenses with revenue, as the asset is providing value over multiple periods.

Depreciating an Asset Means Recognizing the Cost of the Asset