annual depreciation
annual depreciation 年折旧 基于固定资产的使用年限而推定的使用该项财产的年损失，这种损失费可以按系统的、合理的方法分摊到各个期间。这种损失是不能通过维修而恢复的，包括磨损、腐蚀、过时等因素引起的价值损失。 (→depreciation)
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Search Results for: annual depreciation
annual depreciation
The annual loss to property due to regular wear and tear.
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sum of the years’ digits depreciation method
A method of calculating the annual depreciation allowance by multiplying the depreciable cost basis (cost minus salvage value) by a constantly decreasing fraction, which is represented by the remaining years of useful life at the beginning of each year divided by the total number of years of useful life at the time of acquisition. —
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depreciation method
A set formula used in estimating an asset’s use, wear, or obsolescence over the asset’s useful life. • This method is useful in calculating the allowable annual tax deduction for depreciation. See USEFUL LIFE. [Cases: Internal Revenue 3470–3505; Taxation 1044.C.J.S. Internal Revenue §§ 223–249, 252, 259–265, 278, 489, 671, 673, 799; Taxation §§ 1741–1742.]
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depreciation
depreciation (di-pree-shee-ay-sh[schwa]n), n. A decline in an asset’s value because of use, wear, or obsolescence. Cf. APPRECIATION; AMORTIZATION(2). — depreciate, vb. — depreciable, adj. accumulated depreciation. The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued
declining balance depreciation method
A method of computing the annual depreciation allowance by multiplying the asset’s undepreciated cost each year by a uniform rate that may not exceed double the straight-line rate or 150 percent.
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