The process of allocating property,plant,and equipment's cost to expense over the period the asset is used is called:

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Depreciation is the process of allocating the cost of property, plant, and equipment to expense over the period the asset is used. It is done to reflect the decline in value of the asset due to wear and tear, obsolescence, or other factors. Accumulation refers to the process of collecting and aggregating financial data over time. Interest refers to the cost of borrowing money. Repairs expense refers to the cost of repairing and maintaining property, plant, and equipment.

The Process of Allocating Property,plant,and Equipment's Cost to Expense Over