The expense of a tangible asset's decrease in value as it is used over time or ages.
What is straight-line depreciation?
A method of recording depreciation that records the depreciation expense for the same amount every year for the asset'suseful life.
What is accelerated depreciation?
A set of methods for recording depreciation that recordsmore depreciation expense in the earlier years of an asset'suseful life, and lessexpense in later years.
