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单词 depreciation
释义
depreciation
depreciation the accounting practice whereby the cost of a fixed asset is written off over the period of its expected useful life. The amount written off is a recognised deduction in computing the prof- its of a business, and the object of the exercise is that such amounts will provide a fund to finance the asset's replacement when the time comes. Statutory recognition of this practice is given in the Capital Allowances Act 1991, which permits the cost of most capital assets acquired by a business to be written off (straight-line depreciation) for income tax and corporation tax purposes over a period of 20 years.
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更新时间:2024/10/27 3:27:47