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depreciation |
Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia | 0.01 sec. |
depreciationIn economics, the decline of a currency's value in relation to other currencies. Depreciation is also an accounting procedure applied to tangible assets. It describes the decrease in value of the asset (such as factory machinery) resulting from usage, obsolescence, or time. Amortization is used for intangible assets and depletion for wasting assets. Depreciation is applied to assets yearly, each time reducing the net book value of the asset. It is an important factor in assessing company profits and tax liabilities. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Corporate profits with inventory valuation and capital consumption adjustments Profits with inventory valuation adjustments and without capital consumption adjustment Profits Inventory before valuation Total tax adjustment 1999 (r) 776. 7 (1) Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign earnings retained abroad, inventory valuation adjustment, and net capital transfers. 8 Corporate profits with inventory valuation and capital consumption adjustments Profits with inventory valuation adjustment and without capital consumption adjustment Profits Inventory Capital before valuation consumption Period Total Total tax adjustment adjustment 1999 851. |
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