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The specialist area of accounting known as "corporate accounting" is devoted to overseeing a business's financial operations. In order to guarantee accuracy, compliance, and to offer insights for strategic decision-making, it entails documenting, evaluating, and reporting financial transactions.

Yes, when the asset being depreciated is utilized in the company's primary business operations, depreciation is typically seen as an operating expense. Depreciation of equipment utilized in a manufacturing process, for instance, is usually categorized as an operational expense.