ANNUAL DEPRECIATION - Free Law Dictionary

Definition of ANNUAL DEPRECIATION:

the computation done yearly on the decreasing value of a property that is based on the estimated life of the property.

Related terms:

ACCELERATED DEPRECIATION Computing depreciation rates faster than the straight line option. The two methods are declining balance…
DECLINING BALANCE DEPRECIATION The way of computing depreciation by using book value of an asset and reducing it…
GENERAL DEPRECIATION SYSTEM (GDS) Personal property depreciation calculation method. Declining balance method exposes the non-depreciated balance to a depreciation…
UNITS-OF-OUTPUT DEPRECIATION Depreciation method calculated based on an asset’s use instead of time it is in service…