Depreciation matches the recognition of a long lived asset's cost with its service life.  An example of this kind of asset would be:

A) office supplies for a private school.
B) raw materials for a textile plant.
C) phone jacks for an electronics store.
D) machinery for a factory.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.

Long Lived Asset

An asset that is expected to provide economic benefits over a prolonged period, typically over one year, such as buildings, machinery, and equipment.

Service Life

Service life is the expected period during which an asset remains useful and operational for its intended purpose.