annual depreciation


annual depreciation
The annual loss, not restored by current maintenance, which is due to all the factors causing the ultimate retirement of the property. These factors embrace wear and tear, decay, inadequacy, and obsolescence. The annual loss in service value not restored by current maintenance and incurred in connection with the consumption or prospective retirement of property in the course of service from causes known to be in current operation, and whose effect can be forecast with a reasonable approach to accuracy. State v. Hampton Water Works Co., 91 N.H. 278, 18 A.2d 765, 770.

Black's law dictionary. . 1990.

Look at other dictionaries:

  • annual depreciation — /ˌænjuəl dɪpri:ʃi eɪʃ(ə)n/ noun a reduction in the book value of an asset at a particular rate per year. ⇒ straight line depreciation …   Marketing dictionary in english

  • annual depreciation — /ˌænjuəl ˌdɪpri:ʃi eɪʃ(ə)n/ noun a reduction in the book value of an asset at a particular rate per year. ⇒ straight line depreciation …   Dictionary of banking and finance

  • annual depreciation — A theoretical depreciation of public utility property based upon estimated life of the property. 43 Am J1st Public Util § 129 …   Ballentine's law dictionary

  • Depreciation — Not to be confused with Deprecation. Depreciation refers to two very different but related concepts: the decrease in value of assets (fair value depreciation), and the allocation of the cost of assets to periods in which the assets are used… …   Wikipedia

  • depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… …   Black's law dictionary

  • depreciation — /dapriyshiyeyshsn/ In accounting, spreading out the cost of a capital asset over its estimated useful life. Depreciation expense reduces the taxable income of an entity but does not reduce the cash. A decline in value of property caused by wear… …   Black's law dictionary

  • depreciation — de·pre·ci·a·tion /di ˌprē shē ā shən/ n 1: any decrease in the value of property (as machinery) for the purpose of taxation that cannot be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost… …   Law dictionary

  • depreciation allowance — /dəpriʃiˈeɪʃən əlaʊəns/ (say duhpreeshee ayshuhn uhlowuhns) noun the maximum annual amount allowed by taxation authorities for the owner of capital equipment to write off equipment as an acceptable deduction against income …   Australian English dictionary

  • accumulated depreciation — Fin the cumulative annual depreciation of an asset that has been claimed as an expense since the asset was acquired. [m1]Also known as aggregate depreciation …   The ultimate business dictionary

  • rate of depreciation — ˌrate of depreciˈation noun [countable] ACCOUNTING the rate at which an asset is calculated to go down in value each year, especially in the annual accounts for a business; = DEPRECIATION RATE: • The rate of depreciation slows down significantly… …   Financial and business terms


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