Home >  Term: depreciation expense
depreciation expense

The cost of plant (less net salvage) recovered over the life of the plant through a reduction of income. This expense reflects the "using up" of plant (due to wear and tear, obsolescence, etc.) in the generation of income.

0 0

Penulis

  • JJD
  •  (Gold) 2369 poin
  • 100% positive feedback
© 2024 CSOFT International, Ltd.