The Purchase value of assets over its serviceable life is categorized as
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Purchase cost of assets over its useful life is classified as depreciation. Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes.
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depreciation
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purchase value of assets over its serviceable life is classified as depreciation
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