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Depreciation Expense
The portion of the cost of a fixed asset that is considered an expense due to its wear and tear over a specific period.
Useful Life
The estimated period over which a fixed asset is expected to be usable by the entity, affecting its depreciation calculation.
Straight-Line Method
An accounting method of depreciating fixed assets evenly over their useful lives.
Depreciation Expense
Depreciation expense is the systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
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