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the cost for that fixed asset needs to be transferred to an expense account in a structured manner over the useful life of the a
depreciation is a non-cash expense that spreads out the cost of an asset over time. It is not a payment plan
all adjusting entries will involve a pairing of either an asset or liability account with a revenue or expense account. Here are
and Sum-Of-The-Years'-Digits.Depreciation expense is recorded as a debit to the Depreciation Expense account and a credit to the
expense
expense recognition
expense allocation
depreciation expense
recognition of expense
