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,
even though the item may retain or even increase its replacement value due to inflation.
Depreciation may be used as a business deduction for income tax reduction, spread
out over the expected useful life of the asset (straight line) or at a higher rate
in the early years of use (accelerated).
law dictionary, legal
dictionary, online law dictionary, legal terms dictionary,
online legal dictionary, legal definition, legal
terms and definition, Best online Dictionary, Law
Dictionary Software, Download Law Dictionary, law
dictionary, legal dictionary, online law dictionary,
legal terms dictionary, online legal dictionary,
legal definition, legal terms and definition, Best
online Dictionary, Law Dictionary Software, Download
Law Dictionary
