strawberry3

Can some one the accounting keyword called depreciation expense?

Hi all! This seems way too difficult for me, let me try to explain the basis of a Depreciation expense.
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usama
"The portion of a tangible capital asset that is deemed to have been consumed or expired, and has thus become an expense. "
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uzman
"Depreciation expense is the calculated financial rate of an asset’s decrease in value over time. The purpose of determining this figure is to allow businesses to extend the overall cost of a purchase across several years, in order to express its overall value as opposed to just claiming it as a one-time expense. "
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rexana
"Depreciation expense is the amount of the allocation for one accounting period. Source: http://in.docsity.com/en-docs/Financial_Statements_-_Principles_of_Accounting_-_Lecture_Notes_"
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