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depreciation
(redirected from Accumulated Depreciation)

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
depreciation,
n the charges against earnings to write off the cost, less salvage value, of an asset over its estimated useful life. It is a bookkeeping entry and does not represent any cash outlay, nor are any funds earmarked for the purpose. There are three classic methods of applying depreciation: straight line, sum of the year's digits, and double declining balance.

depreciation
the decline in value over time of capital items.


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These include a set of specialized reports for detailing specific lists of business building blocks; an upgrade to "find and replace" that supports title prefixes and suffixes; self-reference support for formula projections, making it easier to create projections that are based on previous line-item values; and modifications to objects that allow accumulated depreciation and amortization to be reported as negative values.
Say a property owner bought a multifamily residential building in 1994 for $1 million The property shows accumulated depreciation of $364,000, leaving a tax basis of $636,000.
 
 
 
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