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Depreciation Expense
A charge that reflects the cost of using fixed assets over their useful life.
Plant Assets
Durable assets with physical form, employed in running a company and not meant for resale.
Year Ended
The conclusion of a 12-month accounting period, at which financial statements are prepared.
Straight-Line Method
A depreciation technique that allocates an equal amount of depreciation to each year of the asset's useful life.
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