👉 Dematerializing is a concept in accounting that refers to the process of removing or simplifying financial assets, liabilities, and other forms of property from the ledger. This can be achieved by applying certain accounting principles such as derecognition, amortization, and impairment testing to determine whether an asset should be recorded at its historical cost basis. For example, if a company owns a piece of machinery that is no longer in use but still has value due to its useful life, it may decide to dem
