Depreciation Reserve A business fund in which the probable replacement cost of equipment is accumulated each year over the life of the asset, so it can be replaced readily when it becomes obsolete and totally depreciated.
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Depreciation
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Depreciation: In appraising, a loss in property value from any cause. In regard to improvements, deterioration and obsolescence.
DEPRECIATION - An accounting term used to describe the systematic cost allocation through which the decline in usefulness of a company's tangible assets are recorded over time.
Accelerated depreciation can be a useful tax incentive because it permits companies to defer payment of corporate income taxes by reducing the amount of taxable income each year.
depreciation 1 : any decrease in the value of property (as machinery) for the purpose of taxation that cannot be offset by current repairs and is carried on company books as a yearly charge amortizing the ...
Depreciation
Decrease in value to real property improvements caused by deterioration or obsolescence.
Devise
Real estate left by will.
Depreciation
A reduction in property value resulting from age or use.
Determination
The final decision of a court.
depreciation
n. the actual or theoretical gradual loss of value of an asset (particularly business equipment or buildings) through increasing age, natural wear and tear, or deterioration, ...
Term: Depreciation
Definition: A reduction in property value resulting from age or use.
Term: Determination
Definition: The final decision of a court.
Curable Depreciation: Items of physical deterioration and functional obsolescence that is economically feasible to cure.
Depreciation
Expense allowance made for wear and tear on an asset over its estimated useful life.
Designated Agent ...
Depreciation deductions were also curtailed. Prior to ERTA81, depreciation was based on "useful life" calculations provided by the Treasury Department. ERTA81 set up the "accelerated cost recovery system," or ACRS.
There had occurred at the period of the Revolution a depreciation of the money of the realm, analogous in one respect to that which marked the first era of the corn statutes (1436-1551), ...
Obsolescence: One of the causes of depreciation; an impairment of desirability and usefulness caused by new inventions, current changes in design, improved processes of production, ...
(a tax benefit) by higher or additional taxation of income or property that ceases to qualify for a credit or deduction or by taxing gain realized from the sale or exchange of such property <the government recaptured the depreciation by ...
the amount of money or value remaining after all costs, losses, taxes, depreciation of value and other expenses and deductions have been paid and/or subtracted. Thus the term is used in net profit, net income, net loss, net worth or net estate.
Cash flow: An accounting term for the total net income plus moneys allowed for depreciation of equipment and plant.
A robbery or forcible depreciation on the high seas, without lawful authority, done animo furandi, in the spirit and intention of universal hostility. 5 Wheat. 153, 163; 3 Wheat. 610; 3 Wash. C. C. R. 209.
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