Depreciation in accounting is the process of allocating to expense the cost of an asset over its service life.

Name: Depreciation in accounting is the process of allocating to expense the cost of an asset over its service life.
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Depreciation in accounting is a recognized technique for allocating the cost of long-term assets over their useful life. This process is used to reduce the value of an asset on the balance sheet over time and to recognize an expense for tax purposes.

Depreciation in Accounting Is the Process of Allocating to Expense