Depreciation - Law Dictionary Search Results
tax preference item
tax preference item : an item (as an amount of depreciation) favorable to a taxpayer in the ordinary computation of tax liability that is taxed in the computation of
tax write-off
tax write-off : a tax deduction of an amount of depreciation, expense, or loss [cancelled the debt and took a tax write-off on the loss]
appreciate
the difference between right and wrong "B. N. Cardozo"] 2 : to raise the market value of compare depreciate vi : to rise in market value ap·pre·ci·a·tion [ə-prē-shē-ā-shən, -pri-, -sē-] n
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Casualty Pot
gain compare main pot NOTE: Property that qualifies for inclusion in the Casualty Pot consists of casualties of depreciable and real property used in a trade or business for more than one year and capital assets held
Main Pot
as follows: casualties in the Casualty Pot if they have netted a gain; sales, exchanges, or condemnations of depreciable or real property used in a business for more than one year; and condemnations of capital assets held
true value
true value 1 : fair market value called also true cash value 2 : the depreciated book value of personal property for purposes of taxation of such property used in business
Deprave
To speak ill of to depreciate to malign to revile
Disvalue
To undervalue to depreciate
Shinplaster
Formerly a jocose term for a bank note greatly depreciated in value also for paper money of a denomination less than a dollar
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