Answer:
It is the net earnings of a company. A depreciation expense reduces net income when the asset's cost is allocated on the income statement. Depreciation is used to account for declines in the value of a fixed asset over time.
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Answer:
It is the net earnings of a company. A depreciation expense reduces net income when the asset's cost is allocated on the income statement. Depreciation is used to account for declines in the value of a fixed asset over time.