Depreciation Expense
Depreciation expense is a financial accounting term that refers to the cost of fixed assets that are allocated over the useful life of the asset. In other words, it is the amount of money a company charges against its earnings each period to represent the wear and tear on its asset base. This expense reduces the overall taxable income of the company, and it is utilized in both the income statement and balance sheet. The depreciation expense of a company reflects the decrease in the value of its assets over time, and it is one of the essential metrics used by analysts to evaluate the financial performance of the company.
Additional Details
| Metric Name |
Type |
Default Period Type |
| depreciation_expense |
|
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |