depreciation accounting

noun

Definition of depreciation accounting

: a branch of accounting that deals with systematically distributing or allocating the cost or other basic value of a fixed asset over its estimated useful life by periodic charges to expense or against revenue

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“Depreciation accounting.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/depreciation%20accounting. Accessed 11 May. 2021.

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