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…