What does accelerated depreciation mean?

Definitions for accelerated depreciation
ac·cel·er·at·ed de·pre·ci·a·tion

Here are all the possible meanings and translations of the word accelerated depreciation.

Wiktionary

  1. accelerated depreciationnoun

    Accelerated Depreciation (Automotive) The lost value a vehicle carries after it's been repaired from an accident. Accelerated depreciation is the term used in Canada, while in the United States, it is commonly referred to as Diminished Value.

Freebase

  1. Accelerated depreciation

    Accelerated depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in such a way that the amount of depreciation taken each year is higher during the earlier years of an asset’s life. For financial accounting purposes, accelerated depreciation is generally used when an asset is expected to be much more productive during its early years, so that depreciation expense will more accurately represent how much of an asset’s usefulness is being used up each year. For tax purposes, accelerated depreciation provides a way of deferring corporate income taxes by reducing taxable income in current years, in exchange for increased taxable income in future years. This is a valuable tax incentive that encourages businesses to purchase new assets. For financial reporting purposes, the two most popular methods of accelerated depreciation are the declining balance method and the sum-of-the-years’ digits method. For tax purposes, the allowable methods of accelerated depreciation depend on the tax law that the taxpayer is subject to. In the United States, the two currently allowable depreciation methods for tax purposes are both accelerated depreciation methods.

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Numerology

  1. Chaldean Numerology

    The numerical value of accelerated depreciation in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of accelerated depreciation in Pythagorean Numerology is: 7

Images & Illustrations of accelerated depreciation

  1. accelerated depreciationaccelerated depreciationaccelerated depreciationaccelerated depreciationaccelerated depreciation

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    a symptom of reduced quality or strength
    • A. deterioration
    • B. perusal
    • C. plantation
    • D. equity

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