Definition: Writing off of the cost of an asset against expenses over its useful life.
Definition: [crh] A non-cash expense (also known as non-cash charge) that provides a source of free cash flow. Amount allocated during the peDefinition: riod to amortize the cost of acquiring long-term assets over the useful life of the assets. To be clear, thisDefinition: is an accounting expense not a real expense that demands cash. The sum of depreciation expenses of prior years leads to the balance sheet item AccuDefinition: mulated Depreciation.
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