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Depreciation Expense
The allocated portion of the cost of a tangible or physical asset that is written off as an expense over its useful life.
Revised Amounts
Adjusted figures in financial statements or budgets to reflect changes from previously reported or estimated numbers.
Straight-Line Method
A method of calculating depreciation for an asset, spreading the cost evenly over its useful life.
Depreciation Expense
It is an accounting method of allocating the cost of a tangible asset over its useful life.
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