Assertion: asset's depreciation | /r/HasProperty | expense
Facets:
value: to the p&l account
type: TRANSITIVE-OBJECT
Source sentences:
text: Depreciation of assets is an important bookkeeping and tax concept, because depreciation is an expense that can lower the value of an asset and accelerated depreciation can bring tax benefits.
text: However, since depreciation is an expense to the P&L account, provided the enterprise is operating in a manner that covers its expenses (e.g. operating at a profit) depreciation is a source of cash in a statement of cash flows, which generally offsets the cash cost of acquiring new assets required to continue operations when existing assets reach the end of their useful lives.