Asset - Law Dictionary Search Results
depreciation
rules in force before the adoption of the Accelerated Cost Recovery System straight-line depreciation : depreciation of an asset by a fixed percentage of its original cost based on its estimated life 2 : a loss in
quick assets
quick assets see asset
credit
"U.S. Constitution art. I"] d : letter of credit 3 a : a deduction from an expense or asset account b : a reduction of an amount otherwise due ;esp : tax credit [a for child-care expenses]
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capital gains tax
capital gains tax A tax on income derived from the sale of a capital asset, like real estate holdings or investments. Source: FindLaw
book value
something as shown on bookkeeping records as distinguished from market value: as a : the value of an asset equal to cost less depreciation b : the value of a corporation's capital stock expressed as its original
assessments
assessments the method of placing value on an asset for taxation purposes. Source: U.S. Department of Housing and Urban Development
assessed value
assessed value the value that a public official has placed on any asset (used to determine taxes). Source: U.S. Department of Housing and Urban Development
amortize
and interest or payments to a sinking fund b : to gradually reduce the cost of (as an asset) esp. for tax purposes by making periodic charges to income over a time span [ the machinery over
amortization
The gradual payment of a debt through a schedule of payments or the writing off of an intangible asset against expenses over the period of its useful life
ADR
ADR 1 administrative dispute resolution, alternative dispute resolution 2 asset depreciation range
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