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What does depreciating an asset mean? Group of answer choices To recognize the...

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Accounting

What does depreciating an asset mean?
Group of answer choices
To recognize the cost of equipment or buildings as an asset on the balance sheet
To accumulate the costs of using the asset throughout the asset's life.
To allocate the expense for the long-term asset over the useful life of that asset.
To adjust the asset to its market value as it is being used

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