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Deb Dep

Debit

Debit. An accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned on […]

Debit

Debit: An entry recording an expense or asset increase (opposite of credit).

Depreciation

Depreciation. A non-cash expense that shows an asset’s loss of value due to usage and/or time.

Depreciation

Depreciation: The gradual reduction in the value of an asset over time.