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Law Term

ANNUAL DEPRECIATION

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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:
  • DEPRECIATION SCHEDULE A table of apportionments of assets to future accounting periods as they relate to depreciation.
  • ACCRUED DEPRECIATION The lessening of value because its ability to render a service has decreased.
  • ACCELERATED DEPRECIATION Computing depreciation rates faster than the straight line option. The two methods are declining balance…
  • ACCUMULATED DEPRECIATION The loss of value on an asset up to a specific date. When subtracted from…