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depreciation |
Also found in: Medical, Legal, Financial, Acronyms, 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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| T's basis in
the new building is $625,000 ($630,000 cost of the surrendered building,
minus $200,000 accumulated depreciation, plus $195,000 cash paid). It also proposes to add another new Item 302(d) of Regulation
S-K to elicit certain information concerning tangible and intangible
long-lived assets and related accumulated depreciation, depletion and
amortization. * Accumulated depreciation, depletion and amortization of property,
plant and equipment
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