Depreciation - Law Dictionary Search Results
Home Dictionary Name: depreciationdepreciation
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 original cost over the useful life of the property accelerated depreciation : the depreciation of property that was put into use prior to 1980 which is allowed at a faster rate than normal under the 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 the value of property due to physical deterioration and wear or to obsolescence and lack of adaptability ...
accelerated depreciation
accelerated depreciation see depreciation ...
asset depreciation range
asset depreciation range : a range of useful lives assigned to types of property under the Internal Revenue Code for purposes of depreciation ...
depreciable
depreciable : capable of being depreciated [ property] ...
depreciate
depreciate -at·ed -at·ing vt : to subject to depreciation : lower the value of vi : to fall in value compare appreciate ...
straight-line depreciation
straight-line depreciation see depreciation ...
Depreciative
Tending or intended to depreciate expressing depreciation undervaluing...
Depreciation actually allowed
Depreciation actually allowed, the expression 'all depreciation actually allowed under any laws or rules', and the expression 'actually allowed' is unambiguous and connotes the idea that the allowance was actually given effect to, C.I.T. v. Straw Products Ltd., AIR 1966 SC 1113: (1962) 2 SCR 881...
Unabsored depreciation
Unabsored depreciation, means so much of the allowance for depreciation of the amalgamating banking company which remains to be allowed and which would have been allowed to such banking company is amalgamation had not taken place. [Income Tax Act, 1961 (43 of 1961), s. 72AA]...
Depreciator
One who depreciates...
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