Depreciation
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In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease in value of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle).
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See also
- Amortization
- Construction in progress
- Consumption of fixed capital
- Cost segregation study
- Deferred financing costs
- Deferred tax
- Depletion (accounting)
- Expense
- John I. Beggs
- Life expectancy
- MACRS
- Revaluation of fixed assets
- Writing down allowance
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