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Hey!
The word depreciation is the assigning of a plant asset's cost to expense over the accounting periods. You would assign them to the accounting periods that the asset is likely to be used.
Hope this helps!
- Lindsey Frazier ♥
The word depreciation is the assigning of a plant asset's cost to expense over the accounting periods. You would assign them to the accounting periods that the asset is likely to be used.
Hope this helps!
- Lindsey Frazier ♥